Paxos Standard tokens will be fully redeemable to USD through the Paxos platform. Tether,USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol . Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.
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USDP is the native cryptocurrency of Paxos , a stablecoin that uses the Ethereum blockchain and is issued by the Paxos Trust Company. Every Paxos dollar (USDP) token is pegged to the U.S. dollar.
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