Pax Dollar (USDP) stablecoin analytics
USDP is Paxos's regulated dollar stablecoin, redeemable 1:1 and backed by U.S. Treasury bills, overnight repos, and FDIC-insured cash.
Static Profile
Static stablecoin profile
Pax Dollar (USDP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Jun 12, 2026
Paxos's USDP is backed by very-low-risk reserves split across short-dated T-bills, overnight repos, and FDIC-insured cash under a KPMG-attested OCC National Trust Charter. The peg and resilience profile are the product's obvious strengths; the gap between those marks and a...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- Cash in FDIC-insured bank accounts and U.S. Treasury bills (including overnight reverse repos and T-bill money market funds) held in segregated, bankruptcy-remote accounts
- Peg Mechanism
- Direct 1:1 redemption through Paxos
- Jurisdiction
- United States / OCC / National Trust Charter
- Proof Of Reserves
- Independent Audit by KPMG Reserve source
Snippet Answer
Is USDP safe?
Pharos does not mark USDP as absolutely safe. Static metadata says Pax Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdp-paxos
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 12, 2026.
USDP quick answers
What is Pax Dollar (USDP)?
USDP is Paxos's regulated dollar stablecoin, redeemable 1:1 and backed by U.S. Treasury bills, overnight repos, and FDIC-insured cash. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through Paxos
Is USDP safe?
Pharos does not mark USDP as absolutely safe. Static metadata says Pax Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDP?
Pharos classifies USDP backing as Real-World Asset Backed. Collateral, per the static profile: Cash in FDIC-insured bank accounts and U.S. Treasury bills (including overnight reverse repos and T-bill money market funds) held in segregated, bankruptcy-remote accounts Reserve evidence: Independent Audit from KPMG.
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 dossier below.