According to PAX, the name of the PAX (Paxos Standard) token will be changed to USDP (Pax Dollar) to help people identify it as a stablecoin pegged to the US dollar.
The ONUS technical team converted Paxos Standard (PAX) to Pax Dollar (USDP) to synchronize.
As a result, beginning today, December 10, 2021, all PAX tokens circulating on the ONUS application have been converted into USDP tokens at a 1:1 ratio (1 PAX = 1 USDP). This also implies that the entire amount of the client’s PAX has been converted into USDP, and the customer’s balance remains unchanged. This property’s features will continue to function normally.