Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

The Dollar gives Pax its Value


Is the Pax Dollar (USDP) the future of Cryptocurrency?

On 30 June 2023, backed Pax Dollar with Total Cash Deposits with a current market and notional position value of $195.798 million, Paxos reports. They kept around $185.5 million of that cash in FDIC insured placement networks (bank accounts) and $10.298 million of that cash in other deposits and insured depository institutions.

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