Pax Dollar (USDP) stablecoin analytics
Answer First
What is Pax Dollar (USDP)?
USDP is Paxos's regulated dollar, redeemable 1:1 and backed by cash and U.S. Treasury-collateralized repos; some bank balances exceed FDIC limits. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through Paxos
Is USDP safe?
USDP holds a B- Safety Score grade (65/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Pax Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Pax Dollar (USDP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Aug 11, 2026
Paxos's USDP is backed by very-low-risk reserves split across short-dated T-bills, overnight repos, and FDIC-insured cash, attested monthly by KPMG under Paxos's OCC National Trust Charter. Backing and economic control are the product's obvious strengths in the Safety Score V9 report card; the gap between those pillars and a genuinely elite overall grade lives in the exit pillar, because thin markets remain the asset's perennial soft spot.
AI summary · drafted by claude-fable-5 · facts as of Aug 11, 2026
- Collateral
- Cash deposits and U.S. Treasury-collateralized repurchase agreements held in segregated, bankruptcy-remote accounts; some commercial-bank cash exceeds FDIC insurance limits
- Peg Mechanism
- Direct 1:1 redemption through Paxos
- Jurisdiction
- United States / OCC / National Trust Charter
- Proof Of Reserves
- Independent Audit by KPMG Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdp-paxos
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Aug 11, 2026.
USDP quick answers
What is Pax Dollar (USDP)?
USDP is Paxos's regulated dollar, redeemable 1:1 and backed by cash and U.S. Treasury-collateralized repos; some bank balances exceed FDIC limits. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through Paxos
Is USDP safe?
USDP holds a B- Safety Score grade (65/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Pax Dollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDP?
Pharos classifies USDP backing as Real-World Asset Backed. Collateral, per the static profile: Cash deposits and U.S. Treasury-collateralized repurchase agreements held in segregated, bankruptcy-remote accounts; some commercial-bank cash exceeds FDIC insurance limits Reserve evidence: Independent Audit from KPMG.
Can USDP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDP, when applicable, appear in the dossier below.
