USDP (Pax Dollar) is a type of digital currency designed to be a digital version of the US dollar, with each USDP token representing one US dollar. It's also known as a stablecoin, which means that the value of USDP is meant to be stable.

When you load money into your Sling Wallet, it’s converted to USDP, and all transfers between Sling Money users are conducted in USDP. When you move money from your Sling Wallet into your bank account it’s automatically converted into whatever currency you want.