On August 24, 2021, Paxos Standard (PAX) was renamed Pax Dollar (USDP).Paxos is the first financial technology company to be directly regulated and operate under the supervision of the New York State Department of Financial Services. In specific markets where digital assets are regulated, Paxos has a unique advantage in achieving the flow, exchange, custody, and settlement of assets through digital means.On September 10, 2018, the New York Department of Financial Services (NYDFS) approved two Stablecoin based on Ethereum, namely Gemini Dollar and Pax Dollar. These two Stablecoin are both cryptocurrencies anchored 1:1 with the US dollar. These two digital currencies will be subject to the supervision of the US government, which will audit the account funds every month. If there is a problem with the account, the US government can freeze it through law enforcement means. USDP (Pax Dollar) is the world's first compliant Stablecoin, issued by the blockchain startup Paxos. USDP aims to provide liquidity for investors who trade crypto assets by providing "digital alternatives to cash" for real-time transaction settlement of all asset classes. USDP is a Stablecoin supported by US $1:1. 1USDP is equal to US $1. All USDP reserves will be 100% pledged in full held US dollars. USDP is built on the ERC-20 standard of Ethereum and can be sent between any two wallets on the Ethereum network. Authenticated Paxos customers can purchase or exchange USDP on their company's website.USDP aims to provide liquidity for investors trading encrypted assets by providing a "digital substitute for cash" for real-time transaction settlement across all asset classes. All USDP reserves will be 100% mortgaged against the fully held US dollars. USDP is built on the ERC-20 standard of Ethereum and can be sent between any two wallets on the Ethereum network. Authenticated Paxos customers can purchase or exchange USDP on their company's website. Due to the dynamic changes in supply and demand on specific platforms at specific times, prices in external trading venues may fluctuate. We can predict that according to the liquidity and trading commission structure of each exchange, the price of Stablecoin pledged in US dollars will range from 0.99 to 1.01....