Pax Dollar

$28M market cap

Issued by Paxos · reviewed 16 September 2026

Market cap: $28M -3.92% 7d
30-day trend
Volume / market cap: 9.1%
Peg drift, 30 days: 0.60%

Market data as of 16 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.

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

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

2 chains · $28M total

Chain	Supply
Ethereum	$26M
Solana	$2M

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