Pax Dollar

Pax Dollar (USDP) is a fiat-backed stablecoin pegged to USD, with $40.6M in circulating supply across 4 blockchain networks. Each USDP is backed by reserves held by the issuer, with parity attested via defillama. The peg has historically held within ±1% on most trading sessions, with reserve composition and attestation cadence the primary inputs to its credit-risk profile.

USDP is a regulated stablecoin by Paxos that is redeemable one-to-one for US Dollars.

Pax Dollar (USDP) is issued by Paxos Trust Company, operating under New York State (NYDFS-regulated). Originally launched in 2018.

Issuer information is compiled from public disclosures, NYDFS / BMA regulatory filings, and primary-source attestation reports. Always verify directly with the issuer before making decisions.

Pax Dollar (USDP) supply was unchanged in the last 24 hours, was unchanged over the past week, and contracted by $7M (-14.72%) over the past 30 days.

Supply contraction: net redemptions have driven circulating supply down 14.72% in the past month, signaling capital rotation or deleveraging.

Pax Dollar circulates across 4 blockchain networks. Ethereum hosts the largest share at 89.43%, followed by Solana at 7.05%. Cross-chain distribution has remained broadly stable over the past 30 days.

Pax Dollar (USDP) is designed to trade at exactly 1.00 USD, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $0.9997, a -0.031% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.

Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.

Pax Dollar (USDP) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.

Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.

Below are the largest fiat-backed stablecoins tracked on Mantapex alongside Pax Dollar (USDP). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.

Pax Dollar (USDP) is tracked across major crypto data providers. The links below open Pax Dollar (USDP)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.

Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.