> open stablecoin/usdp
Pax Dollar
USD-backed stablecoin issued by Paxos. SOG records USDP as active with reserve, attestation, redemption, and regulatory context separated from BUSD and PYUSD.
Statusactive
Evidence5
| Symbol | USDP |
|---|---|
| Status | active |
| Peg asset | USD |
| Collateral model | fiat_backed |
| Issuer | Paxos |
| Reserve disclosure | available |
| Redemption status | active |
| Last verified | 2026-06-05 |
Stablecoin registry
Compare this record with other active, discontinued, failed, migrated, and limited stablecoins.
Issuer dossier
Paxos · company · United States
Status vs event
Understand why status labels and historical events are kept separate.
| Status | active |
|---|---|
| Who can redeem | Paxos describes USDP reserves as held in cash and cash equivalents and available for 1:1 redemption. Exact customer onboarding and regional eligibility require source-level review. |
| Retail redemption | source_review_needed |
| Institutional redemption | available_subject_to_paxos_terms |
| Minimum redemption | source_review_needed |
| Region / access notes | USDP redemption and minting access should be separated from secondary-market trading and exchange availability. |
| Registry note | SOG treats USDP as a Paxos-issued USD stablecoin and separates reserve attestations, issuer redemption, and regulatory context from market liquidity. |
| Coverage type | Count |
|---|---|
| Evidence records | 5 |
| Reserve references | 2 |
| Regulatory notes | 0 |
| Deployment notes | 2 |
| Known unknowns | 1 |
| Date | Event | Type | Impact | Recovered |
|---|---|---|---|---|
| No event records yet. | ||||
| Date | Publisher | Type | Asset categories | Confidence |
|---|---|---|---|---|
| 2026-06-05 | Paxos | issuer_disclosure_reference | cash, cash_equivalents, source_review_needed | medium |
| 2026-06-05 | Paxos | reserve_transparency_archive | cash, cash_equivalents, source_review_needed | medium |
| Date | Title | Source | Type | Summary |
|---|---|---|---|---|
| No regulatory notes recorded yet. | ||||
| Chain | Deployment type | Status | Contract | Notes |
|---|---|---|---|---|
| Ethereum | erc20 | explorer_reference_available | 0x8e870d67f660d95d5be530380d0ec0bd388289e1 | Ethereum USDP contract reference linked from Paxos page and Etherscan source. Continue to prefer issuer docs plus explorer for final deployment facts. |
| Solana | spl_token | explorer_reference_available | HVbpJAQGNpkgBaYBZQBR1t7yFdvaYVp2vCQQfKKEN4tM | Solana USDP token reference linked from Paxos page and Solscan source. Keep as explorer-backed until a dedicated issuer docs source is added. |
| Source | Publisher | Type | Claim scope | Reliability |
|---|---|---|---|---|
| Paxos USDP page | Paxos | issuer_page | USDP overview, NYDFS oversight, Ethereum and Solana availability, 1:1 redemption, reserve reports, and bankruptcy-remoteness context | primary |
| Paxos USDP transparency reports | Paxos | reserve_transparency_page | USDP reserve reports and transparency archive entry point | primary |
| Pax Dollar (USDP) on Etherscan | Etherscan | explorer | Ethereum USDP token contract reference | explorer |
| Paxos USDP contracts repository | Paxos | repository | USDP contract implementation reference | primary_repository |
| Pax Dollar (USDP) on Solscan | Solscan | explorer | Solana USDP token reference | explorer |
| Topic | Description | Severity | Last checked |
|---|---|---|---|
| reserve_report_redemption_history | USDP reserve report archive, direct redemption eligibility, and chain-specific deployment references need deeper source-backed review. | medium | 2026-06-05 |