What is Pax Dollar?

Pax Dollar (USDP) is a stablecoin currently ranked 476th by market capitalization across all crypto assets we track. Stablecoins are designed to track a target value (most often $1). They are the primary on-chain settlement layer for trading, lending, and remittance.

Market position

At the current price of $0.9994, Pax Dollar carries a market capitalization of $40.55M. Daily trading volume across exchanges sits at roughly $4.20M. That works out to a 24-hour turnover of about 10.35% of the float — elevated turnover, often a signal of active narrative-driven trading.

Price action across timeframes

Over the past week, Pax Dollar has moved -0.03%; over the past 30 days, Pax Dollar has moved -0.66%; over the past year, Pax Dollar has moved ++0.23%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.

Cycle position

Pax Dollar is currently trading within striking distance of its all-time high (all-time high of $1.21, -17.7% from peak). A markup phase where momentum traders pay close attention. From its all-time low of $0.7678, current pricing represents a +30% recovery.

Supply & dilution

The circulating supply stands at 71,373,898 USDP. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Pax Dollar in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets. Over the past 30 days, the 30-day move totals -0.66%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Pax Dollar

A balanced read on USDP typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is USDP performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Paxos Standard (USDP) is a stablecoin designed to maintain a 1:1 peg with the US dollar, providing a secure and efficient digital currency for transactions and value storage. It is fully backed by US dollar reserves held by the Paxos Trust Company. Source: CoinPaprika.com