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What is the difference?

Exchange USDP to TrueUSD

What do you need to know?

  • ­ The average time of the exchange of USDP to TUSD — from 1 to 2 minutes
  • ­ Only 4 confirmations of the USDP are needed to complete the exchange
  • ­ Do not send USDP through a third party contract! Such transactions are not automatically processed. We accept transactions from the original USDP contract
  • ­ Our exchanger only sends transactions to the original TUSD contract

What is USDP?

USDP Token is the token of the Paxos platform built on Ethereum blockchain technology (ERC-20 protocol) in 2018. USDP Token is fully backed 1:1 USD issued by the Paxos Trust Company and is approved and regulated by the NYS Department of Financial Services. PAX is also known as USD Digital.

Like other stablecoins such as USDT, PAX aims to combine the stability and reliability of the US dollar with the benefits of digital money. Namely, to make it so that it can be transmitted via the Internet to anyone on the planet, instantly, at any time and practically without commissions.

PAX smart contract

Do not submit PAX through a third party contract. Our exchanger does not accept transactions that are sent by third party smart contracts, except for the original PAX contract.

Network fee

To work with tokens, the wallet must have ETH. It is very difficult to calculate the exact amount of ETH to send a transaction. During periods of high load, it can change significantly. Each token can have a different transaction value. Therefore, it is better that the amount of ETH on the wallet is slightly higher than the average fee on the network at the moment. The average commission can be estimated using the Blockchair analytical service.

The system does not see the transaction, what should I do?

If you have sent funds, but there are no changes, check your transaction in an explorer (etherscan.io or blockchair.com) and make sure that the transaction was created.

If the transaction has already been added to the blockchain, and the system has not seen it, contact technical support, we will be able to help you promptly.

What is TrueUSD?

TrueUSD is a stablecoin based on the Ethereum blockchain (ERC-20 protocol). It was released in March 2018 by TrustToken. She is known for creating digital analogues of real assets that can be traded on exchanges. TrueUSD is backed 100% by the dollar at a 1:1 ratio.

TUSD smart contract

Our exchanger only sends transactions to the original TUSD contract. Transactions are not sent to addresses of third-party contracts.

My order is completed, but I cannot see the funds in my wallet, what should I do?

We send Ethereum tokens with an average commission so that the receiving party does not have to wait long for the receipt. But sometimes, with the increased load on the Ethereum network, the transaction can get stuck in the mempool and not get into the block. The status of such a transaction is "Pending". The etherscan.io explorer gives information about the expected processing time of a transaction, but you need to understand that this value is not exact and may change depending on the situation.

If a transaction sent by us cannot be confirmed for a long time, contact technical support with a request to push the transaction through.

exchange in 3 easy steps

  1. Enter the desired amount of Pax Dollar (ERC20) and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Pax Dollar (ERC20) to the address from your order, after the required network confirmation, TrueUSD (ERC20) will be sent instantly.