Pax Dollar (USDP) is a stablecoin cryptocurrency pegged 1:1 to the US dollar, developed by Paxos Trust Company. Its main goal is to provide users with a stable digital asset that can be used for trading and storing value with minimal volatility associated with traditional cryptocurrencies. Each USDP coin is backed by US dollar reserves held in Paxos bank accounts and is subject to regular audits to ensure transparency and user trust. Thanks to this, USDP provides a convenient way to transfer value through the blockchain with resistance to price fluctuations.