Pax Dollar
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USDP to USD converterUSDP
USD0
USDPUSDNo chart data available
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$0
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$0
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$0Volume(24h)
$0FDV
$0Circulating Supply
0Total Supply
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$0Infinity Supply
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Store Of Value
Stablecoin
About Pax DollarPax Dollar (USDP) is a fiat-backed stablecoin issued by Paxos Trust Company that maintains a 1:1 peg to the US dollar through bank reserves and regular third-party audits, providing users with compliant on-chain dollar exposure backed by Paxos's SEC-regulated status and institutional-grade custody. Built on Ethereum and other blockchains, USDP leverages Paxos's reputation as a regulated trust company and cryptocurrency custodian to provide institutional confidence and regulatory clarity, attracting institutional investors and corporate treasuries seeking transparent, auditable dollar stablecoin infrastructure. The stablecoin integrates with major cryptocurrency exchanges like Binance, enabling efficient trading and settlement while maintaining the stability and predictability required for risk-averse market participants and institutional capital deployment. Launched in 2018 alongside PAX Gold, USDP established itself as a credible regulated stablecoin alternative to USDC and USDT, though its market share has remained modest compared to competitors with larger circulating supplies and deeper liquidity pools. Trading on exchanges like Binance with institutional liquidity, USDP benefits from Paxos's regulatory positioning and early-mover status, though broader ecosystem adoption outside specific exchange partnerships remains limited, constraining its role as a universal DeFi primitive or primary settlement layer for decentralized finance applications.
Assets Details
Access Model
PermissionlessRedeemable
YesAttestations
YesCEX Listed
YesKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes