Pax Dollar

$29M market cap

Issued by Paxos · reviewed 8 September 2026

Market cap: $29M +0.05% 7d
30-day trend
Volume / market cap: 16.3%
Peg drift, 30 days: 0.18%

Market data as of 8 September 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

Last verified 2026-06-27. All fields shown are verified; 4 tracked fields are not yet recorded.

Pax Dollar (USDP) is a fiat-backed stablecoin by Paxos Trust Company, maintaining a 1:1 parity with the U.S. dollar.

01

Instrument facts

8 of 12 tracked fields recorded

Symbol	USDP
Peg	USD
Backing	Fiat backed
Status	Active
Launched	2018
Networks	L1 EVM Ethereum L1 non EVM Solana
Specifications	Backing Fully backed by reserves held 100% in cash and cash equivalents. Auditor KPMG LLP Reserve reporting Monthly attestation reports Redemption Fully redeemable on a one-to-one basis for U.S. dollars. KYC required Yes
Use cases	Payments, Trading

02

Supply by chain

3 chains · $29M total

Chain	Supply
Ethereum	$26M
Solana	$2M
BSC	$1M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

2 chains

Chain	Address
Ethereum	`0x8e870d67f660d95d5be530380d0ec0bd388289e1`
Solana	`HVbpJAQGNpkgBaYBZQBR1t7yFdvaYVp2vCQQfKKEN4tM`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

04

Background

Pax Dollar (USDP) is a stablecoin designed to maintain a 1:1 parity with the U.S. dollar, issued by Paxos Trust Company. USDP is available on Ethereum and Solana blockchains, ensuring seamless transactions. USDP is fully backed by reserves held 100% in cash and cash equivalents, with monthly attestation reports by KPMG LLP.

Compiled from issuer disclosures, on-chain data and market data. Paxos · Methodology