$ETH What is USDP?

USDP (Pax Dollar) is a stablecoin directly pegged to the US Dollar at a 1:1 ratio, meaning every 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 interest 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" when the market is volatile.

Reliable platform: It operates on the Ethereum network (ERC-20), meaning it is supported in most wallets and platforms.

When to use USDP?