Pax Dollar (USDP)

Pax Dollar (USDP) is a stablecoin that is referencing (pegged to) the U.S. dollar. USDP is classified as a centralized stablecoin, backed by U.S. Treasury bills with short maturities as a U.S. dollar equivalent.

Pax Dollar (USDP)

Stablecoins - Nov 12, 2022 Zoom in on Stablecoins

Stablecoin logos Tether, USD Coin, Binance USD, DAI

This year was an eventful year in the world of crypto. In particular, the collapsed Terra and FTX crisis affected the entire crypto market, and again attracted the attention of regulators to crypto and stablecoins. Stablecoins are valued for their technological features, while, at the same time, maintaining a stable

Paxos and MakerDAO logos on the background of a handshake.

Stablecoins - Feb 03, 2023 Paxos and MakerDao. A Deal With Interesting Conditions

Paxos will increase the share of its USDP stablecoin in Maker's DAI Peg Stability Module (PSM). To facilitate this Paxos will transfer MakerDAO 45% of the income it gets from its own reserves on the deposited coins.

by Alex Harutunian

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