USDP
Pax Dollar
active
Fiat Backed
USD
Market Cap $41M
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
Cross-Chain Supply (DefiLlama · $3M total)
Use Cases
PaymentsTrading
Overview
Pax Dollar (USDP) is a stablecoin designed to maintain a 1:1 parity with the U.S. dollar, issued by Paxos Trust Company.
How It Works
USDP is available on Ethereum and Solana blockchains, ensuring seamless transactions.
Reserve Backing
USDP is fully backed by reserves held 100% in cash and cash equivalents, with monthly attestation reports by KPMG LLP.
Supported Networks
USDP is supported on Ethereum (ERC-20) and Solana blockchains.
Other USD Stablecoins
Data source: CoinGecko ↗