How do I get Pax Dollar (previously Paxos Standard) into my bank account?

Pax Dollar (USDP) is a stablecoin, which means that its price is tied to the price of USD: 1 USDP = 1 USD in value, and this value ratio never changes. Despite this, it is an ERC20 token, and not a fiat currency issued by a government. For this reason, there is no way to transfer USDP (or any other stablecoin) directly to a bank account.

However, users in regions supported for buying and selling crypto via bank transfer can sell USDP and transfer the cash to their bank accounts.

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