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USDP

Pax Dollar Maintains Stability Near $1 with Mild Fluctuations

The Pax Dollar (USDP) is a stablecoin with a current price of $1, a market cap of $70 million, and a circulating supply of 70 million tokens. It has experienced a slight increase in price over 24 hours by approximately 0.04%, with a trading volume of $12.2 million. The all-time high was $1.18 in April 2024, with an all-time low of $0.8635 in May 2021. The coin operates within the stablecoins and USD stablecoin categories, and is part of the Solana and Ethereum ecosystems, as well as a portfolio managed by Multicoin Capital. Despite minimal fluctuations, the stablecoin maintains its peg close to $1, reflecting its stability and utility within digital asset markets.
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AI Analysis

The Pax Dollar (USDP) remains consistent around its $1 peg, which is essential for stablecoins functioning effectively. Its market cap and liquidity of $12.2 million in daily trading volume suggest a ...

AI Recommendation

Given the evidence of consistent stability and minimal volatility, it is advisable to hold USDP for those seeking a reliable digital dollar alternative. Its role as a stablecoin is reinforced by its p...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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