The Pax Dollar is a stable coin that one can use to transact with blockchain assets with minimal risks. Additionally, stable coins can be converted to paper money or can be pegged to cryptocurrency. The stable coins were tailored to help in reducing the volatility of the market price, compared to some of the stable assets. Stable coins can be used to buy some of the items. The Pax Dollar Token (USDP) is on the Ethereum blockchain and they are distributed as the ERC–20 tokens. The Pax Dollar was founded in 2018 by the founders Rich Teo and Charles Cascarilla as the co–founder. The partners are not new in the fintech world since Charles was one of the founding associates of the ADAM and he also is a partner of the Liberty city ventures among others. While Teo worked at Citi as a financial analyst, In addition, he was the Monetary expert of Cedar Hill Capital. He has robust experience working in different institutions and worked in different fields. As of the time of writing, Pax Dollar has been ranked 83 in the market. In its outlined goals the main one is to be able to balance the dollar with the blockchain industry. 1 pax dollar(USDP) is equal to 1 Us dollar. Current Price Prediction The Pax dollar marked low volatility since the Bolinger bands are squeezed together and are narrow this indicates the low levels. In most cases, When prices experience low volatility, it is then followed by times of high volatility. On the 6– mont...
