Pax Dollar USDP
USDP/USD price action, 127 candles at 15m. Data refreshes on every page load.
What is Pax Dollar (USDP)?
Pax Dollar (USDP) is a token trading on Ethereum at $1.01, with a market capitalisation around $29.52M. Its main pool holds $11.4K of liquidity on Curve, paired against FRAX. Over the last 24 hours USDP has gained +0.98% on $2.4K of trading volume across 35 transactions.
The pair was created 3.5 years ago (Mar 20, 2023). Price, liquidity and volume on this page are read directly from on-chain pool data.
The story behind USDP
Pax Dollar (USDP) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space. The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology. Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology. Paxos has become the most widely adopted cryptocurrency in the fastest time frame, with support from over 20 exchanges and OTC desks in the first five weeks of its existence. It’s been picked up and listed by some of the top cryptocurrency exchanges, Binance, OKEx, Gate.io, KuCoin and DigiFinex. These exchanges are offering PAX as an alternative to the controversial Tether. Unlike the controversy surrounding the people who control Tether, there is no such obscurity when it comes to the people behind Paxos. The CEO and co-founder is Charles Cascarilla. He has over 15 years in financial services and has co-founded Cedar Hill asset management back in 2005. He has also worked and Bank of America and Goldman Sachs prior to that. The Pax Dollar (USDP) is the first digital asset to be issued by a financial institution and to be fully secured by the U.S. dollar. While other similar stablecoins have existed, there has been no proof of full U.S. dollar reserves, nor have these earlier assets been issued by a financial institution. The Paxos team has been fairly clear in declaring the different base that PAX is working from.
Official channels, straight from the project:
USDP history: the key events, on-chain
USDP tokenomics and supply
Both addresses link straight to Etherscan. Every figure in this table is read from the chain and you can verify it there.
Market cap and fully diluted valuation are close, so most of the supply is already circulating.
USDP on-chain data, signal by signal
We are not auditors and we do not certify any token as safe. What follows are measurable facts read from the chain, each one stated so you can check it yourself. The index simply summarises them into a number: USDP sits at 79/100. Every threshold and penalty behind that figure is published in full on our methodology page.
USDP contract checks, reported by GoPlus Security
These checks come from GoPlus Security, an independent contract scanner. We publish their reading, we do not produce it.
What moves the USDP price?
USDP is a Ethereum token, so its price is set entirely by what happens in its liquidity pools rather than by any order book. Volume is low relative to the $11.4K sitting in the pool, so the price can stay flat for long stretches and then jump when a single sizeable order arrives. The main drivers are the depth of that pool, how concentrated the holder base is, general Ethereum market conditions, and social attention. For a token with a B grade, position size discipline matters more than any price prediction.
USDP to USD converter and price calculator
| USDP | USD |
|---|---|
| 1 USDP | $1 |
| 10 USDP | $10 |
| 100 USDP | $101 |
| 1,000 USDP | $1.0K |
| 10,000 USDP | $10.1K |
| USD | USDP |
|---|---|
| $10 | 9.88 USDP |
| $100 | 98.82 USDP |
| $1,000 | 988.24 USDP |
| $10,000 | 9,882 USDP |
| $100,000 | 98,824 USDP |
USDP markets and top pools
| Pool | DEX | Liquidity | 24h volume |
|---|---|---|---|
| USDP / AAVE | Uniswap V2 | $41.9K | $9.3K |
| USDP / FRAX | Curve | $11.4K | $5.1K |
| USDP / 3Crv | Curve | $4.2K | $8.7K |
| USDP / UNI | Uniswap V2 | $5.4K | $738 |
| USDP / USDC 0.05% | Uniswap V3 | $2.9K | $1.1K |
| USDP / crvUSD | Curve | $836 | $2.6K |
| USDP / TUSD | Uniswap V2 | $4.4K | $332 |
| USDP / USDT 0.01% | Uniswap V3 | $213 | $3.7K |
Liquidity spread across several pools generally means a healthier market: a single pool is easier to drain or manipulate than four.
How to buy Pax Dollar (USDP)
- Get a Ethereum wallet. Install MetaMask or Rabby and fund it with ETH.
- Open a DEX. USDP trades mainly on Curve. Paste the contract address rather than searching the ticker: names can be copied by scam tokens.
- Verify the contract. Check it against the address on this page:
0x8e870d67f660d95d5be530380d0ec0bd388289e1You can open that address on Etherscan and confirm supply, holders and transfers yourself instead of taking our word for it. - Set slippage sensibly. With $11.4K of liquidity, even small orders move the price. Use small sizes and expect high slippage.
- Confirm and review. After the swap, verify the tokens landed and that you can sell a small amount back. If a sell fails, treat it as a honeypot.
USDP versus other Ethereum pairs
| Token | Price | 24h | Liquidity | Score |
|---|---|---|---|---|
| USDP (this page) | $1.01 | +0.98% | $11.4K | B 79 |
| TUSD price | $0.9953 | -0.07% | $12.1K | C 65 |
| BENT price | $0.02525 | +8.65% | $12.2K | C 65 |
| ROBINCAT price | $0.00001037 | +86.9% | $10.0K | D 55 |
| MEMELORD price | $2.06e-8 | +2.90% | $8.9K | B 82 |
| CANA price | $20.11 | -5.36% | $7.7K | C 67 |
Pax Dollar (USDP) price prediction, answered with arithmetic
Every token this size gets asked where the price is going, and nobody honest can answer that. What can be answered is what each target would require. USDP trades at $1.01 today. For each target price below, the table shows what the whole supply would be worth at that price, and how that compares to assets people already know.
| Target price | Multiple from today | Implied valuation | For scale |
|---|---|---|---|
| $5 | 4.9x | $137.37M | a mid-tier crypto asset |
| $10 | 9.9x | $274.73M | a mid-tier crypto asset |
| $20 | 19.8x | $549.47M | a mid-tier crypto asset |
This is arithmetic, not a forecast. Nobody can tell you where USDP will trade. What the table does tell you is the size of the move being asked for, which is usually the missing piece when people ask whether a token can reach a given price.
How to trade USDP safely
- Size against liquidity, not conviction. The pool holds $11.4K. A trade worth more than roughly 1% of that will move the price against you.
- Test the exit first. Buy a small amount, then immediately sell part of it. Tokens that block sells are the single most common trap.
- Watch the buy/sell balance. Currently 21 buys against 14 sells in 24 hours. A rough balance between the two suggests the market functions in both directions.
- Check the age. This pool was created 3.5 years ago. Most rug pulls happen within the first hours of a pool going live.
- Never invest more than you can lose. Low-cap tokens can go to zero, and frequently do.
USDP FAQ
What is the price of USDP today?
Pax Dollar (USDP) trades at $1.01, gained +0.98% over the last 24 hours.
What do the on-chain numbers say about USDP?
We are not auditors and do not certify tokens. Measured from the chain, USDP sits at 79 out of 100 on our on-chain health index, computed from liquidity, volume quality, buy/sell balance and pair age. No mechanical red flags were detected, which is not a guarantee of safety.
How much liquidity does USDP have?
The tracked pool holds $11.4K of liquidity. Liquidity determines how much you can trade before moving the price and how easily you can exit.
Where can I buy Pax Dollar (USDP)?
USDP trades on Ethereum, mainly through Curve, across 20 tracked pools. Always paste the contract address instead of searching by ticker.
What is the 24 hour trading volume of USDP?
USDP has traded $2.4K in the last 24 hours across 35 transactions, split 21 buys and 14 sells.
When was USDP launched?
The tracked USDP pool was created 3.5 years ago, on Mar 20, 2023.
What is the contract address of USDP?
The USDP contract address on Ethereum is 0x8e870d67f660d95d5be530380d0ec0bd388289e1. Check it against the address published by the project itself before buying: tickers and names are copied freely, the address is the only thing that identifies a token. This page links it straight to the block explorer so you can verify supply, holders and transfers yourself.
Could USDP be a honeypot?
Sells are going through (14 in the last 24 hours), which means the token is not blocking exits at this time. Always test a small sell first.
Keep exploring Ethereum
Traders looking at USDP also open TUSD, BENT, ROBINCAT, MEMELORD, CANA.