Nextbit Now Converts PAX Dollar (USDP)

24.07.2021

We’re excited to share great news: PAX Dollar (USDP) stablecoin is now available for exchange on our platform! PAX Dollar, also known as USDP, is a regulated stablecoin issued by the financial institution Paxos Trust Company. Unlike cryptocurrencies such as Bitcoin or Ethereum, USDP is fully backed by the US dollar at a 1:1 ratio — meaning every PAX Dollar token can be redeemed for 1 USD. This makes it a reliable and secure digital representation of the U.S. dollar. One key feature of USDP is that it runs on Ethereum, one of the world’s most widely used blockchains — offering fast transactions, high-level security, and compatibility with a wide range of decentralized applications. Start diversifying your financial portfolio today — exchange your PAX Dollar for any currency of interest right on nextbit.me, where you'll always find the most favorable rates!