In case you are looking for the following question: Is the USDP currency halal or haram?, we will try to answer it through our understanding of the currency project, its mechanism of action and the services it provides.
USDP Coin Project
A stable coin that allows any user to exchange US dollars for Pax dollars, its main objective is to stabilize the dollar using Blockchain technology.
Paxos is licensed by the New York State Department of Financial Services. It allows you to provide regulated services in the world of cryptocurrencies.
The digital currency is backed by US dollars in accounts held by the company at US depository institutions.
The goal of Paxos is to create a future where digital currency, commodities, and values can be transferred anywhere, anytime.
Halal services provided by USDP
- A stable digital currency with a fixed value arranged in US dollars.
- It is used for valuation and transfer of value.
Haram services provided by USDP
The Arab Bitcoin Academy website family studied the USDP coin project and found no prohibited or suspicious services it provides, which is personal diligence on the part of the website team.
Information about the USDP currency
- The total number of USDP tokens is 945 million coins.
- Your smart address on Binance Smart Network: here
- Your smart address on the Ethereum network: here
- USDP Digital Currency Official Website: Here
- The official Twitter account: here
Is USDP halal?
Based on the above data and the USDP coin project, the USDP coin is halal and we recommend investing in it.
How to buy USDP
There are many places where you can buy USDP cryptocurrencies, but the best one is Binance as there is a high volume of daily transactions.
In case you do not have a Binance account, we recommend you read the following article that shows the steps to sign up with photos.
USDP coin price now
Dollar Pax (USDP)