Pax Dollar token
Overview
Pax Dollar (USDP) is a U.S. dollar-backed stablecoin issued by Paxos Trust Company. It is fully collateralized and subject to regulatory oversight by the New York State Department of Financial Services. USDP is used for digital payments, trading, and as a stable asset in decentralized finance.
Within the DeFi Intel graph, Pax Dollar connects to 9 tracked entities, most strongly to Ethereum, Solana, BSC.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 9 of 9 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
deployed_on | BSC | 95% |
deployed_on | Linea | 95% |
issued_by | Paxos | 95% |
regulated_by | NYDFS | 95% |
backed_by | U.S. Treasury Bills | 90% |
backed_by | Cash Bank Deposits | 90% |
attests_for | Withum Smith+Brown | 90% |
Frequently asked questions
What is Pax Dollar?
Pax Dollar is a stablecoin pegged to the U.S. dollar, issued by Paxos Trust Company.
How is Pax Dollar backed?
USDP is fully backed by U.S. dollar reserves and cash equivalents held in custody accounts.
Is Pax Dollar regulated?
Yes, it is issued by a regulated trust company and supervised by the New York State Department of Financial Services.
What is Pax Dollar connected to?
In the DeFi Intel knowledge graph, Pax Dollar is linked to 9 other tracked entities, most strongly to Ethereum, Solana, BSC.
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