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What is Pax Dollar (USDP)?

Pax Dollar was developed by Paxos, a fintech company dedicated to transforming finance by enabling asset mobility at internet speed. It was the first virtual currency firm to obtain a license from the New York State Department of Financial Services. As a limited purpose trust company authorized under banking law with fiduciary duties, Paxos can provide regulated services within the crypto and virtual commodities sectors. The Paxos team boasts a diverse background, with experience spanning Wall Street to Silicon Valley. The company is led by CEO and co-founder Charles Cascarilla, whose career has included roles as a customer, analyst, investor, and innovator in financial technology.

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