USDP
Pax Dollar
Paxos's NY Trust-chartered USD stablecoin — strongest US regulatory wrapper of any major stablecoin.
USDP reserves are 1:1 cash + Treasuries + reverse repos, held in segregated trust accounts. Smaller float than USDC / USDT; used in the Maker PSM and as a high-quality redemption asset. Audited monthly.
See on StableLens
/stablecoins/USDP — live data, risk grade, and methodology citation.
Related terms
- PaxosA NYDFS Trust-chartered issuer of [[usdp]], [[pyusd]] (with PayPal), and tokenised-asset infrastructure.
- Trust charterA NYDFS authorisation under NY Banking Law allowing the holder to act as a trust company for crypto assets.
- NYDFSNew York State's financial regulator — the most active US state authority over crypto issuers since 2015.