Pax Dollar

About Pax Dollar

Pax Dollar (USDP) is a USD-backed stablecoin issued by Paxos Trust Company, a regulated financial technology firm chartered by the New York State Department of Financial Services. Unlike many stablecoins, USDP is fully collateralized by U.S. dollar reserves held in segregated accounts, offering a transparent and regulated alternative to competitors like Tether. Built on Ethereum, it was one of the first stablecoins issued by a licensed financial institution. Pax Dollar is widely supported across major exchanges and serves as a trusted tool for trading, settlements, and digital payments within the broader crypto ecosystem.