Pax Dollar (USDP/IDR) Price Today

Pax Dollar (USDP) is a stablecoin trading at Rp17,694 with a market cap of Rp717.34M. The asset shows typical stablecoin behavior with minimal price deviation from its peg, supported by a circulating supply of 40.6 million tokens. Recent on-chain data indicates an average hold time of 45 days, suggesting moderate holding patterns among investors. No major protocol updates or ecosystem developments have been reported recently, keeping the token's technical and fundamental profile consistent with its stablecoin design.

Overall outlook remains neutral as USDP fulfills its 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 liquidity constraints during market stress, given its relatively modest market cap compared to larger stablecoins.