Pax Dollar (USDP/IDR) Price Today

Pax Dollar (USDP) is trading at Rp17,713 with a market cap of Rp565.63M, representing a stablecoin pegged 1:1 to the US dollar. The asset shows minimal price volatility as expected for its category, with a circulating supply of 32 million tokens and an average hold time of 46 days indicating medium-term holding patterns. Recent on-chain metrics show standard stablecoin transaction volumes without significant protocol upgrades or ecosystem expansions reported in the current cycle.

Overall outlook remains neutral as USDP fulfills its designed stablecoin function. Key opportunity lies in its utility for Indonesian crypto traders seeking USD exposure without currency conversion complexity. Major risks include regulatory scrutiny of stablecoins globally and potential de-pegging events that could affect its Rp17,713 valuation, though historical tracking has been consistent.