The current real-time price of USDP is $0.5111. In the past 24 hours, USDP has traded between $0.5111 and $0.5111, showing strong market activity. The all-time high of USDP is $2.022770, and the all-time low is $0.8635.
From a short-term perspective, the price change of USDP over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of USDP on LBank.-48.88%
The live price of USDP today is $0.5111, with a current market cap of $24.312M. The 24-hour trading volume is 7M. The price of USDP to USD is updated in real time.
Before deciding whether to buy or sell USDP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s USDP technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for USDP.
How much will USDP be worth tomorrow, next week, or next month in ? What about your USDP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! USDP Price Prediction
To learn more about USDP, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xf840...61ab62  | 6.953M | 14.62% |
ethereum | 0x091d...2fb90c | 6.173M | 12.98% |
ethereum | 0x47ac...a6d503 | 1.489M | 3.13% |
ethereum | 0x264b...5997b5 | 1.274M | 2.68% |
ethereum | 0x0d07...b492fe | 1.118M | 2.35% |
Other | 30.560M | 64.24% |
USDP is precisely the same token as PAX. In August 2021, Paxos rebranded "Paxos Standard" (PAX) to "Pax Dollar" (USDP) to clarify its identity as a digital dollar. Users don't need to take any action; the ticker symbol simply updated on most trading platforms, and the underlying smart contract remains unchanged.
Unlike some other major stablecoins, Paxos is a Trust Company regulated by the NYDFS, holding it to bank-like prudential standards. A key safety feature is 'bankruptcy remoteness'; USDP reserves are held in segregated accounts, legally protecting token holders if Paxos faces bankruptcy. This means reserves cannot be used to pay Paxos's creditors. However, while offering strong regulatory assurances, USDP typically has lower trading liquidity compared to some larger stablecoins, which might result in higher transaction slippage on certain trading platforms.
USDP is backed 1:1 by U.S. dollars and highly liquid "cash equivalents." These primarily include short-term U.S. Treasury bills and overnight reverse repurchase agreements. Paxos enhances transparency by publishing monthly attestation reports, which are independently verified by third-party accounting firms to confirm that the reserves held match the tokens in circulation on the blockchain.
PYUSD is a white-label stablecoin issued by Paxos specifically for PayPal, designed for use within the PayPal/Venmo ecosystem with high retail visibility. USDP, conversely, is Paxos’s own branded stablecoin, typically favored in DeFi and by institutional partners who prefer a direct relationship with Paxos. Both operate under similar US regulatory frameworks, but Paxos also recently launched USDG (Global Dollar) for the European market to comply with MiCA regulations.
In 2024 and early 2025, USDP was delisted from some trading platforms in the European Economic Area due to the EU's MiCA (Markets in Crypto-Assets) regulation. MiCA requires stablecoin issuers to hold specific licenses, and USDP, while US-regulated, did not initially fulfill all 'e-money token' requirements for the European market. To address this, Paxos launched USDG (Global Dollar), a new MiCA-compliant stablecoin specifically for Europe, while USDP continues to serve its primary focus in the US and international institutional markets.
Yes, verified users can directly open an account with Paxos to mint or redeem USDP 1:1 for U.S. dollars. However, small-scale individual users often opt to sell their USDP for USD or another stablecoin on a crypto exchange. This is because direct redemption with Paxos typically involves a minimum transaction amount and requires identity verification (KYC) processes.
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