Profile
USDP profile facts
Pax Dollar (USDP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
Other coins using the USDP ticker
- Parallel USDp (USDp) · Active · US Dollar. USDp is Parallel's DAO-governed dollar minted against a whitelisted basket of overcollateralized stablecoins through a licensed Angle Transmuter fork.
- Polaris USDp (USDp) · Pre-launch · US Dollar. USDp (formerly pUSD) is Polaris's pre-launch Liquity-style CDP stablecoin minted against pETH.
- Collateral
- Cash deposits and U.S. Treasury-collateralized repurchase agreements held in segregated, bankruptcy-remote accounts; some commercial-bank cash exceeds FDIC insurance limits
- Peg mechanism
- Direct 1:1 redemption through Paxos
- Jurisdiction
- United States / OCC / National Trust Charter
- Proof of reserves
- Independent Audit by KPMG Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDP quick answers
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What is Pax Dollar (USDP)?
USDP is Paxos's regulated dollar, redeemable 1:1 and backed by cash and U.S. Treasury-collateralized repos; some bank balances exceed FDIC limits. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through Paxos.
Is USDP safe?
As of Oct 24, 2026, Pharos grades USDP B+ (75/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDP?
Pharos records USDP's reserves as of Aug 31, 2026 as 76.1% Cash held for authorized token holders and 23.9% Overnight reverse repurchase agreements collateralized by U.S. Treasury obligations. Reserve evidence: Independent Audit by KPMG, latest period ending Aug 31, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can USDP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDP, when applicable, appear in the live dossier on this page.
How do you redeem USDP?
Under the route Pharos reviewed on Jun 10, 2026, customers the issuer has verified can redeem USDP for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
