Pax Dollar

usdp

Pax Dollar (usdp) is a highly regulated, fiat-backed USD stablecoin issued by Paxos Trust Company. Operating under strict regulatory oversight by the New York State Department of Financial Services (NYDFS), Pax Dollar meets the highest consumer protection standards. This cryptocurrency offers 1:1 redemption, ensuring customer funds are always available and 100% backed by cash and cash equivalents. A key differentiator for usdp is its trust charter, which legally segregates client assets, providing robust protection against Paxos' insolvency. Paxos enhances transparency by publishing monthly attestation reports. Pax Dollar serves as a secure digital asset for safely holding value on blockchain, facilitating on-chain transactions, and providing access to digital dollars across various ecosystems, including relevance to the Solana and Ethereum networks.

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StablecoinsUSD StablecoinSolana Ecosystem+3 More

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