The Pax Dollar (USDP) stablecoin's recent deviation from the peg was due to problems with price aggregators, not the protocol, a Paxos spokesperson said. On April 16, the USDP price briefly jumped to $1.29, then returned to $1 within three hours. 📈

The deviation occurred during a significant increase in USDP's capitalization, which briefly rose from $140 million to $181 million. Despite temporary price fluctuations, USDP will always be convertible to fair value through Paxos.

Traders on different platforms should closely monitor the platform's order book to avoid such risks. Pax Dollar has experienced significant price fluctuations several times before.