USDP • Regulated USD-backed stablecoin
Fiat BackedSources: CoinGecko, CoinMarketCap
Current price $0.999896 with strong peg maintenance. $15.6M daily volume (144.40% increase day-over-day). $64.9M market cap (CoinMarketCap rank #481) with significant trading activity surge.
Sources: Paxos corporate announcements
Expanding EU presence through new deal with Finland-licensed e-money platform Membrane Finance. Strategic move for European regulatory compliance and market access expansion.
Sources: Regulatory filings
Announced new "Global Dollar" token substantively compliant with Singapore's MAS upcoming stablecoin framework. Demonstrates proactive regulatory positioning in Asia-Pacific markets.
Sources: Corporate governance updates
Former Commodity Futures Trading Commission Chair J. Christopher Giancarlo joined Paxos board of directors. Strengthens regulatory expertise and government relationships for compliance leadership.
Sources: NYDFS regulatory framework
Full New York trust company license (not just MTL) provides consumer protection under NY banking law. Bankruptcy protection with client assets protected from Paxos insolvency and segregated accounts.
Sources: Paxos global expansion reports
Europe through Finland partnership, Asia via Singapore-compliant Global Dollar, U.S. through trust company license. Regulatory strategy creates jurisdiction-specific compliance tokens for global market access.
Regulated USD-backed stablecoin
Pax Dollar is a fiat-backed stablecoin, meaning its value is maintained through reserves of traditional currencies, primarily US Dollars. This backing mechanism provides stability and regulatory compliance, making it suitable for mainstream financial applications.
USDP (Pax Dollar) is issued by Paxos Trust Company under strict New York State Department of Financial Services regulation. Features institutional-grade security audits and ERC-20 proxy contract architecture.
| Network | Standard | Explorer |
|---|---|---|
| Ethereum | ERC-20 | Etherscan |
| Solana | SPL | Solscan |
| Component | Details | Authority |
|---|---|---|
| Issuer | Paxos Trust Company | NY DFS regulated |
| License | Limited Purpose Trust | New York State |
| Backing | USD + US Treasuries | Segregated custody |
| Audits | Monthly attestations | Independent CPAs |
| Feature | Implementation | Auditor |
|---|---|---|
| Proxy Pattern | AdminUpgradeabilityProxy | ZeppelinOS |
| Security Audits | Multiple reviews | Nomic Labs, Trail of Bits |
| USDP v2 | Updated implementation | Zellic, Trail of Bits |
| Network | TPS | Block Time | Avg Fee |
|---|---|---|---|
| Ethereum | ~15 | 12s | $5-50 |
| Solana | ~3,000 | 400ms | $0.0002 |
| Service | Description | Target |
|---|---|---|
| Direct Issuance | Mint/burn via Paxos | Institutions |
| Custody Services | Enterprise-grade storage | Corporate clients |
| Compliance Tools | AML/KYC integration | Financial services |
| API Access | Programmatic integration | Developers |
| Metric | Status | Note |
|---|---|---|
| Market Cap | ~$400M | Institutional focus |
| Launch Date | 2018 | Early regulated |
| Strategy | Quality over scale | Premium positioning |
USDP represents the gold standard for regulatory compliance in stablecoins. Issued by Paxos Trust Company under New York DFS oversight with comprehensive security audits and institutional-focused infrastructure designed for enterprise adoption.