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Home/ Companies/ Paxos/ USDP

Pax Dollar

$22M market cap

Issued by Paxos · reviewed

Market cap
$22M -4.28% 7d
30-day trend
USDP market cap trend, last 30 days: -13.7%
Volume / market cap
2.6%
Peg drift, 30 days
0.66%

Market data as of , the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

Pax Dollar (USDP) is a fiat-backed stablecoin by Paxos Trust Company, maintaining a 1:1 parity with the U.S. dollar.

01

Instrument facts

Symbol USDP
Peg USD
Backing Fiat backed
Status Active
Launched 2018
Networks L1 EVM Ethereum L1 non EVM Solana
Specifications 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
Use cases Payments, Trading
02

Supply by chain

2 chains · $22M total
ChainSupply
Ethereum$20M
Solana$2M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

2 chains
ChainAddress
Ethereum0x8e870d67f660d95d5be530380d0ec0bd388289e1
SolanaHVbpJAQGNpkgBaYBZQBR1t7yFdvaYVp2vCQQfKKEN4tM

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

04

Background

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.

05

Frequently asked questions

What is Pax Dollar?

Pax Dollar (USDP) is a fiat-backed stablecoin by Paxos Trust Company, maintaining a 1:1 parity with the U.S. dollar.

How is USDP backed?

Fully backed by reserves held 100% in cash and cash equivalents.

Which networks carry USDP?

USDP is recorded on 2 networks, including Ethereum, Solana.

What is the market capitalization of USDP?

USDP has a market capitalization of $22M as of 29 October 2026.

06

Other US dollar stablecoins

USDT $180.9B · USDC $71.2B · USDS $9.8B · SUSDS $4.6B · DAI $4.6B · USDe $4.5B

Compiled from issuer disclosures, on-chain data and market data. Paxos · Methodology