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Pax Dollar Markets
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Pax Dollar latest News
Keep up with what's happening in the crypto world in real-time.
Pricing aggregators caused Pax Dollar to depeg
Despite potential price fluctuations on different trading venues, USDP will always remain redeemable for $1 on Paxos, a spokesperson told Cointelegraph.
USDP briefly spikes to $1.28, costing an Aave trader $529k
The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant.
Binance Futures Revolutionizes Margin Trading: Introducing FDUSD, Bid Farewell to USDPBinance Futures Revolutionizes Margin Trading: Introducing FDUSD, Bid Farewell to USDP
In a groundbreaking move, Binance, the world's premier cryptocurrency exchange, is set to redefine its futures trading platform by introducing FDUSD as a margin asset and bidding farewell to USDP. This strategic overhaul, slated to commence on March 8, 2024, at 09:00 (UTC), is poised to enhance the flexibility and robustness of Binance Futures for its vast user base.
Binance Drops Pax Dollar (USDP) Support, But There's A Catch
Binance, one of the foremost cryptocurrency exchanges globally, has officially announced a significant transition in its margin assets on the Binance Futures platform. In a move aimed at enhancing the trading experience and aligning with market demands, Binance will be shifting its support from USDP to FDUSD.
Binance Futures to Introduce FDUSD Margin, Phase Out USDP
Binance Futures is set to support FDUSD as a margin asset, replacing USDP in Multi-Assets Mode, enhancing the platform's flexibility for users.
Paxos USDP Stablecoin Is Now Supported On Solana
The company aims to compete with major stablecoin issuers, utilizing Solana's efficiency for lower fees with Paxos USDP stablecoin.
