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What is USDP?

USDP (Pax Dollar) is a stable digital currency, issued by Paxos Trust Company, a regulated financial institution. USDP runs on secure blockchain technology and is designed to have a stable value relative to the US dollar.
On Novi, 1 USDP is equal to 1 US dollar. When you use Novi today, your balance will be in USDP, which can be sent to friends and family. When you add money to your Novi account, we’ll convert it to USDP, which can be exchanged for your local currency.
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