Exchange Pax Dollar USDP to DAI DAI

You give Pax Dollar USDP
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ERC20    Ethereum
Minimum amount 300 USDP
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You get DAI DAI
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Gazprombank RUB
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Post Bank RUB
Promsvyazbank RUB
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Mir Card RUB
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Company account RUB
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ERC20    Ethereum
Network fee 15 DAI  (15 $)
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Be careful! We do not accept funds from the following exchanges: Garantex, CommEx. Funds sent from these exchanges will be lost with no possibility of recovery.
Instructions: Exchange Pax Dollar USDP to DAI DAI
To make the exchange you need to perform the following steps:
1.
Fill out all the fields in the form above ↑.
2.
Read our the Terms of Service, and if you accept them, check the appropriate box.
3.
Please read and accept the User Agreement and agree to the processing of your personal information by checking the appropriate box.
4.
Press the "Start Exchange" button.
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When paying for an order, make sure you are not sending funds from a contract wallet. Such funds will not be credited to our account.
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The rate is fixed when the order is created and the customer has paid within 30 minutes after creation. If payment is not received within 30 minutes → the order is automatically deleted (payment of the order → 2 confirmation of the transaction in the Pax Dollar network).
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If the exchange rate of the received or given asset to the dollar on Binance changes by more than 5%, the service reserves the right to recalculate the exchange rate at the time of receipt of payment.
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The processing of your order begins immediately after 2 confirmations of the payment transaction in the Pax Dollar network and crediting the balance of the payment platform / exchange. If within 30 minutes after the creation of the order transaction does not receive 2 confirmations, the service reserves the right to recalculate the rate according to the Binance at the time of their be received (if the operator online). If at the time of receive of the 2 confirmation the operator is offline, the service reserves the right to recalculate the rate at the time of resumption of the operator (according to work schedule).
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If a transaction sent by you as a payment for an order is marked by the payment platform/exchange as a "deposit from Dark Market" or a "suspicious transaction" → processing of the order is suspended until the incident is resolved and may require the customer to verify (KYC).
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By making this exchange, you automatically agree to all its terms and conditions.
5.
Pay the order by transferring the exact amount to the credentials specified in the description.
6.
After making the payment → click the "I have paid" button.
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If the client has paid the order, but due to circumstances wants to cancel the exchange, the return of funds is minus 5% of the payment amount + commission within the payment system and the difference in the exchange rate.
7.
Wait for the transfer of funds from the service to the credentials you specified. All information and transfer status can be viewed on the page "Status of the request", which opens immediately after order was created.
i.
Note: The operator online status is required to perform the exchange (operator status is listed in the bottom right corner of the page). If you have any questions, please contact the operator with the Chat in the bottom right corner or at the addresses listed on the Contacts page.
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The value specified in the field "Amount (including PS fee)" is approximate and may differ from the fee charged by payment system. Check the exact amount of transaction fee from the support service of the payment system.

More about currencies

Pax Dollar USDP

Introduction

The Pax Dollar (USDP) is a prominent stablecoin in the rapidly evolving world of cryptocurrency. Designed to combine the stability of traditional fiat currencies with the advantages of blockchain technology, USDP aims to offer a reliable digital asset for trading, payments, and store of value. Launched by the Paxos Trust Company, USDP is backed by reserves and operates on various blockchain networks, making it versatile and accessible for users worldwide.

Key Characteristics

USDP is characterized by its USD pegged value, transparency, and regulatory compliance. Each USDP token is supposed to be backed by an equivalent amount of USD held in reserve, ensuring its 1:1 parity. The coin operates across multiple blockchain platforms, including Ethereum, Binance Smart Chain, and others, allowing for flexibility in transactions. Additionally, USDP emphasizes regulatory compliance and adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) standards, which distinguishes it from some other decentralized stablecoins.

Types of Stablecoins

While the Pax Dollar (USDP) itself is a fiat-collateralized stablecoin, stablecoins can be broadly categorized into three types:

  • Fiat-collateralized stablecoins: Backed by fiat currency reserves, like USDP, Tether (USDT), and USD Coin (USDC).
  • Crypto-collateralized stablecoins: Backed by other cryptocurrencies and require over-collateralization, such as DAI.
  • Algorithmic stablecoins: Maintain price stability through algorithms and smart contracts rather than collateral, e.g., TerraUSD (LUNA).

USDP belongs to the first category, offering the simplicity and security associated with fiat-backed assets.

Working Principle

The core mechanism of USDP involves a **fiat-collateralization model**. When a user purchases USDP tokens, an equivalent amount of USD is held in reserve by Paxos Trust Company. These reserves are audited regularly to ensure transparency and backing. Users can redeem USDP for USD at any time, maintaining trust in the peg. Transactions occur seamlessly on blockchain platforms, enabling quick transfers with minimal fees. The transparency is supported through blockchain’s immutable ledger, while Paxos maintains reserve audits to reinforce trust.

Benefits

USDP offers several advantages:

  • Stability: Tied to USD, providing protection against volatility common in other cryptocurrencies.
  • Speed and Cost-efficiency: Blockchain transactions are faster and cheaper compared to traditional banking.
  • Transparency: Regular audits and blockchain transparency allow users to verify reserves.
  • Regulatory Compliance: Ensures legal adherence, fostering greater institutional trust.
  • Versatility: Compatible with decentralized finance (DeFi), exchanges, and cross-border payments.

Risks and Challenges

Despite its benefits, USDP faces several risks:

  • : Changes in legal frameworks could impact its operation or enforce stricter controls.
  • Reserve Management: If reserves are not adequately managed or audited transparently, trust may erode.
  • Market Risks: Limited support during extreme market conditions could affect liquidity and stability.
  • Technological Risks: Vulnerabilities in blockchain or smart contract security could pose threats.

Regulation

USDP is designed to be compliant with existing financial regulations. Paxos Trust Company works closely with regulators in various jurisdictions to meet legal standards for issuance and reserves management. This regulatory approach provides users with confidence that the stablecoin operates within legal boundaries, reducing systemic risks associated with unregulated digital assets. However, regulatory landscapes are continually evolving, and future regulations could impose new requirements or restrictions.

Use Cases

USDP’s stable nature and blockchain compatibility enable diverse applications:

  • Trading and Arbitrage: Used on exchanges for trading pairs, reducing volatility risk during transactions.
  • Remittances and Cross-Border Payments: Facilitates fast and inexpensive international transfers.
  • DeFi Platforms: Utilized in lending, borrowing, and liquidity pools for decentralized finance activities.
  • Payments: Accepted by merchants and online platforms seeking a stable digital currency option.
  • Hedging: Provides a safe haven during crypto market downturns.

Future Outlook

The future of USDP appears promising amid the growing adoption of stablecoins in mainstream finance. Increased regulatory clarity could further legitimize its use, attracting institutional players. Innovations like integration with more blockchain networks and use in DeFi ecosystems are likely to expand. Additionally, the rise of central bank digital currencies (CBDCs) might influence stablecoin strategies, potentially leading to collaborations or increased competition.

Conclusion

In conclusion, the Pax Dollar (USDP) exemplifies a stable, transparent, and regulation-friendly stablecoin designed to bridge the benefits of traditional fiat currency with blockchain technology. Its reliable peg, compliance, and versatility make it a valuable tool in crypto trading, payments, and DeFi. While risks and regulatory challenges exist, USDP’s structured approach and ongoing innovations position it well for continued growth in the digital economy. As the landscape evolves, USDP offers a dependable digital dollar for users seeking stability in the blockchain era.


DAI DAI

Understanding DAI: An Overview of This Stablecoin

DAI is a **decentralized stablecoin** built on the Ethereum blockchain, designed to maintain a **value peg to the US dollar**. Unlike traditional fiat-backed stablecoins issued by centralized entities, DAI operates via a complex system of smart contracts and collateralized debt positions (CDPs), ensuring **decentralization and censorship resistance**. Its unique mechanism enables users to generate DAI by locking up various crypto assets as collateral, making it a pivotal element within the decentralized finance (DeFi) ecosystem. With its transparency and open protocol, DAI has garnered attention as a **reliable store of value** and a **medium of exchange** within blockchain-based applications.

Advantages of DAI

Decentralization and Trustlessness: Unlike fiat-backed stablecoins, DAI's stability does not depend on any centralized authority. Instead, it relies on a decentralized system of smart contracts governed by the MakerDAO community, reducing counterparty and government risk.

Collateral Flexibility: DAI supports multiple types of Ethereum-based assets as collateral, including ETH and other ERC-20 tokens. This flexibility allows users to leverage their holdings without liquidating positions, providing liquidity and capital efficiency.

Transparency and Auditing: All transactions and collateral backing are recorded on the Ethereum blockchain, providing full transparency. Users can verify collateral levels and system health at any time, fostering trust in the stability mechanism.

Integration with DeFi Ecosystem: DAI is widely integrated across DeFi platforms, enabling seamless borrowing, lending, trading, and yield farming, making it a versatile tool for users seeking financial services within the crypto sphere.

Resilience in Market Volatility: Its collateralization framework and liquidation mechanisms help maintain price stability, although not perfectly, making DAI a relatively resilient stablecoin during turbulent market conditions.

Uncommon DeFi and Retail Uses of DAI

While DAI is primarily used for trading, lending, and hedging within DeFi, there are several **less conventional applications** that demonstrate its versatility.

  • Cross-Border Payments: DAI can facilitate fast, low-cost international remittances, especially in regions with unstable local currencies or limited banking infrastructure. Its blockchain-based transfer enables near-instant settlement without intermediaries.
  • DeFi Insurance Protocols: Some innovative insurance platforms leverage DAI to provide decentralized coverage, deposit collateral, or pay claims without traditional financial intermediaries.
  • Non-Fungible Token (NFT) Transactions: DAI is increasingly used as a stable medium for purchasing, auctioning, or financing NFTs, reducing exposure to price fluctuations during transactions.
  • Educational and Testing Tools: Developers and educators utilize DAI in blockchain simulations, testing DeFi protocols, or teaching stablecoin mechanics—providing a practical, real-world stable digital currency experience.
  • Microtransactions and Content Monetization: Content creators can accept DAI as a means of payment, enabling censorship-resistant, stable micropayments for digital goods or services.

Risks Associated with DAI

Smart Contract Risks: As with any DeFi protocol, vulnerabilities in the MakerDAO smart contracts pose risks, including bugs, exploits, or unforeseen bugs that could lead to loss of collateral or funds.

Collateral Price Volatility: Sudden declines in the value of collateral assets, such as ETH, can trigger liquidations, potentially leading to system instability or loss of collateral for users.

Governance Risks: MakerDAO relies on decentralized governance via MKR token holders. Governance attacks or malicious proposals could impact system stability or introduce unfavorable changes.

Market Liquidity Risk: Despite broad adoption, liquidity issues might arise during extreme market downturns, affecting the ability to convert DAI to fiat or other assets.

Regulatory Challenges: As stablecoins become a point of regulatory focus, future legislative actions could impact DAI’s operational model, access, or legality depending on jurisdictions.

Future Perspectives for DAI

Enhanced Collateral Diversity: Expect continued expansion of collateral types, including tokenized assets, real-world assets, or securities, to strengthen stability and resilience.

Integration with Traditional Finance: Bridges to fiat banking systems and attention from institutional investors could position DAI as a **hybrid stablecoin** blending decentralization with added trustworthiness for broader adoption.

Improved Governance Models: Innovations in on-chain governance, voting mechanisms, and community engagement could make MakerDAO more agile, transparent, and resilient to external shocks.

Greater Adoption in Retail and Corporate Settings: As blockchain and DeFi adoption accelerates, DAI could see increased use cases in payroll, B2B transactions, or supply chain finance, especially in regions seeking financial inclusion.

Challenges and Competing Stablecoins: The landscape of stablecoins is rapidly evolving, with competitors like USDC, USDT, and new algorithmic variants. DAI’s future will depend on how effectively it maintains its decentralization advantage while remaining competitive.

Overall, DAI’s innovative approach to maintaining stability through **decentralized, collateralized smart contracts** positions it as a pivotal player in the ongoing evolution of digital finance. Its adaptability and community-driven development suggest promising prospects, although careful management of risks remains crucial for sustained growth and trust.