Pax Dollar
USDP Rank #774Price chart
What is Pax Dollar?
Backing and issuance
Paxos manages the reserves supporting USDP. Customer assets are segregated from company operating funds. The reserve model is intended to maintain one dollar of backing for each outstanding token. Paxos publishes monthly attestation reports. Minting creates tokens against received dollars. Redemptions remove the corresponding token issuance.
Transfer and settlement
USDP is available on Ethereum and Solana. Compatible wallets can hold and transfer tokens on those networks. Issuer minting and redemption use Paxos' account procedures. The token can be used for digital payments and onchain dollar settlement. Its supply varies with issuance and redemption demand. USDP is separate from Paxos-issued Global Dollar and PayPal USD. Its dollar reference comes from reserves and redemption rather than proof-of-work mining.
Where to trade USDP
13 exchanges · top 10
Live spot quotes from connected exchanges
USDP funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.