#EthereumSecurityInitiative What is USDP?
The USDP (Pax Dollar) is a stablecoin directly pegged to the US dollar at a 1:1 ratio, meaning that 1 USDP is approximately equal to 1 real dollar.
It was developed by Paxos, a licensed and regulated company in New York.
Why might it matter to you?
High security: Fully backed by cash reserves, and the company undergoes regular audits.
Fast transfers: You can send dollars around the world in seconds without bank transfer fees.
Ideal for trading: Many people use it as a "safe haven" during volatile market conditions.
Reliable platform: It operates on the Ethereum network (ERC-20), meaning it is supported by most wallets and platforms.
When to use USDP?
