The Safest Stablecoin In My Opinion
(Dinarian Note: In my opinion, the only true way to stay 100% completely safe is to hold your wealth in silver or gold. However, that is not feasible or realistic as one can not walk around with pockets full of silver and gold and use it as money, yet anyway. USDP is by far the most regulated and transparent stablecoin out there. This is my choice going forward until things settle. As always, this is not financial advice, do your own research, this is crypto after all and anything can happen.)
Pax Dollar Token
Symbol: USDP
Ethereum Contract address: 0x8E870D67F660D95d5be530380D0eC0bd388289E1
Redeemable one-to-one
Convert USDP to equivalent US Dollars at any time. Paxos offers unparalleled assurance to customers that their USDP is backed one-to-one by the dollar.
Regulated
USDP is subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection.
Fully Reserved
USDP reserves are held in cash and cash equivalents, meaning that customer funds are always kept safe and available for redemption.
Available to anyone
With only a mobile phone, you can create an account and use USDP to store and send money or access crypto markets. USDP provides financial access to everyone – even the 1.7 billion adults globally without bank accounts.
Monthly Attestations
USDP is reviewed by a top-ranking auditing firm on a monthly basis to verify its supply matches the reserve of US Dollars. We make every report available – because your money matters.
SOC 2 Type 2 certifications
itBit exchange by Paxos is proud to have received SOC 2 Type 2 certifications, demonstrating that itBit is a best in class crypto trading platform with the controls to effectively support enterprise customers.
https://paxos.com/usdp/
https://paxos.com/usdp-transparency/
https://paxos.com/itbit/