Pax Dollar
(USDP)A regulated USD-pegged stablecoin issued by Paxos.
Regulated Framework AlignedRedemption Policy DisclosedAttestation Linked
Last verified: 2026-04-20
Reserve & Attestation
Backing Mechanism
Fully backed by US dollar deposits and short-term US Treasuries.
Reserve Composition
Not publicly available
Attestation Frequency
monthly
Latest Attestation
Attestation Provider
Withum
Redemption Policy
1:1 redemption through Paxos platform. [Terms]
Depeg History
No depeg events recorded in Atlas data.
Attestation data links to issuer or auditor primary sources. Stablecoin Atlas does not verify or audit reserve claims independently.
Regulatory Alignment
US
AlignedIssued by Paxos, a NYDFS-regulated trust company.
NYDFS BitLicense • Last reviewed: 2026-04-01
Regulatory status reflects Atlas editorial assessment and may not reflect current legal status. Verify directly with the relevant regulatory body.
Market Context
Market data is sourced from third-party providers (CoinGecko, DeFiLlama) and is provided for informational purposes only. It is not an offer, recommendation, or advice to buy, sell, or use any asset.
Market Cap (CoinGecko)
Data temporarily unavailable
24h Volume (CoinGecko)
Data temporarily unavailable
30D Supply Change (DeFiLlama)
-21.24%
Chain Distribution (DeFiLlama)
Ethereum
88.3%
Solana
7.2%
BSC
4.5%
Linea
0.0%
Total Supply Trend
Chain & Network Support
Always verify the contract address before sending. Using an unofficial contract can result in permanent loss of funds.
📋 Notable Events
- Attestation
Paxos publishes monthly attestation confirming full 1:1 USD backing for USDP.
View source → - Policy Change
Paxos renames PAX to Pax Dollar (USDP) to differentiate from the Paxos brand.
View source → - License
Paxos Standard Token (PAX, later USDP) launches as one of the first NYDFS-regulated stablecoins.
View source →
Historical depeg events do not predict future stability. Past performance does not indicate future behaviour.
🗺️ Used in Corridors
USDP is relevant to the following remittance playbooks.