USDP (formerly PAX) is a regulated dollar stablecoin issued by Paxos Trust Company. Fully backed by US dollar deposits and Treasury securities, with NYDFS oversight and monthly attestations by independent auditors.
Market Cap
$47.6M
Peg Deviation
+0.000%
Regulatory Grade
A+
Regulatory Score
95/100
Issuer & Reserve Details
Issuer
Paxos
Issuer Type
Centralized
Treasury Transparency
Audited Reports
Backing Type
Fiat & T-Bills
Reserve CompositionUS-dollar deposits and US Treasury instruments. NYDFS-regulated. Monthly attestation by WithumSmith+Brown.
Peg Mechanism1:1 redemption through Paxos. Regulated by NYDFS.
Regulatory Scorecard
GENIUS READYCLARITY COMPLIANT
Reserve CompositionAll reserves in GENIUS Act permitted assets
Compliant20/20
Audit & TransparencyMonthly audits by WithumSmith+Brown
Compliant16/20
Redemption Rights≤2 Business Days redemption
Compliant15/15
Issuer LicensingNYDFS Regulated (NYDFS (Paxos Trust Company))
Compliant14/15
Consumer ProtectionConsumer protections in place
Compliant15/15
CLARITY ClassificationPermitted payment stablecoin classification
Compliant15/15
Reserve Assets
Cash & Bank Deposits, T-Bills (≤93 days)
Audit Frequency
Monthly by WithumSmith+Brown
Redemption
≤2 Business Days+ Fiat
License
NYDFS Regulated
NYDFS (Paxos Trust Company)
Classification
Permitted Payment Stablecoin
Backing Ratio
100% (Segregated)
Top Yields for USDP
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 balancer-v3 |  Avalanche | DeFi | Unknown | 12.78% | $813,682 | D · 50 | |
 merkl Audited |  Hyperliquid L1 | DeFi | Emissions | 12.10% | $627,987 | C · 61 | |
 spectra-v2 | Avalanche | DeFi | Unknown | 9.91% | $204,312 | D · 53 | |
 parallel-protocol-v3 | Avalanche | DeFi | Unknown | 6.50% | $1.7M | C · 57 | |
parallel-protocol-v3 | Hyperliquid L1 | DeFi | Unknown | 6.50% | $380,641 | D · 46 | |
spectra-v2 | Avalanche | DeFi | Unknown | 6.50% | $204,312 | D · 53 | |
merkl Audited | Avalanche | DeFi | Emissions | 3.98% | $204,312 | B · 73 | |
balancer-v3 | Hyperliquid L1 | DeFi | Unknown | 1.29% | $942,558 | D · 48 |
Audit & Attestation History
No audit records available
Attestation reports will appear here when available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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