USDP
Pax Dollar
active
Fiat Backed
USD
Market Cap $32M
Pax Dollar (USDP) is a fiat-backed stablecoin by Paxos Trust Company, maintaining a 1:1 parity with the U.S. dollar.
Key Data
| Backing | Fully backed by reserves held 100% in cash and cash equivalents. |
| Auditor | KPMG LLP |
| Reserve Reporting | Monthly attestation reports |
| Redemption | Fully redeemable on a one-to-one basis for U.S. dollars. |
| KYC Required | Yes |
| Peg Currency | USD |
| Launched | 2018 |
Supported Networks
Use Cases
PaymentsTrading
Pax Dollar (USDP) is a stablecoin designed to maintain a 1:1 parity with the U.S. dollar, issued by Paxos Trust Company.
USDP is available on Ethereum and Solana blockchains, ensuring seamless transactions.
USDP is fully backed by reserves held 100% in cash and cash equivalents, with monthly attestation reports by KPMG LLP.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.