Fully backed. Legally protected. Always available.
USDP is available on Ethereum and Solana
Regulated
Highest standards of consumer protection
Paxos’ issued stablecoin USDP is subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection.
Transparent
1:1 redemption, always available
USDP reserves are held 100% in cash and cash equivalents, meaning customer funds are always available for 1:1 redemption.
Secure
Assets held bankruptcy remote, fully segregated
Under New York banking law, in the event of Paxos Trust’s insolvency, customer assets would not be used to satisfy the debts of Paxos because client assets are held bankruptcy remote in segregated accounts.
Comparing a regulated custodian with a trust charter like Paxos vs. stablecoin issuers with money transmitter license (MTL) registrations.
Qualified custodian
Required to hold customer funds segregated from company funds
Holds all client assets bankruptcy remote by law*
Cannot use customer funds to facilitate other business
*This is a distinguishing feature of Paxos’ PYUSD and USDP stablecoins from MTL-based and unregulated stablecoin issuers. If MTL-based and unregulated stablecoin issuers become insolvent, customers would become exposed to delays, and courts could determine customer assets belong to the senior creditors of the issuer’s bankruptcy estate.
Stablecoin Resource Library
Learn more about stablecoin use cases, how they support an open financial system and more.
Get started with USDP
Explore how your team can use USDP to safely hold assets on chain, give your users access to digital dollars and more.
