Pax Dollar (USDP)

Pax Dollar (USDP) is a regulated stablecoin issued by Paxos, designed to provide a secure and transparent digital dollar on blockchain networks. It is fully backed 1:1 by cash and cash equivalents, ensuring that customer funds are always available for redemption. USDP operates on Ethereum and Solana, enabling developers and enterprises to integrate a reliable stablecoin for payments, settlements, and DeFi applications. Paxos holds USDP reserves in segregated accounts under a New York State Department of Financial Services trust charter, which legally protects customer assets from bankruptcy and misuse.

USDP addresses common concerns around stablecoin safety and regulatory compliance by adhering to strict oversight and publishing monthly attestation reports verifying reserve backing. This transparency and legal protection differentiate USDP from many other stablecoins that rely on money transmitter licenses or lack regulatory clarity. Developers can leverage USDP to offer users a stable digital dollar with guaranteed liquidity and legal safeguards, suitable for financial services, decentralized finance protocols, and enterprise blockchain solutions.

Getting started with USDP involves integrating its smart contracts available on GitHub and connecting to Ethereum or Solana networks. Paxos provides comprehensive documentation and developer resources to facilitate minting, redeeming, and transferring USDP tokens. The stablecoin’s availability on major blockchains and its regulatory backing make it a strong choice for teams seeking a trustworthy digital dollar for on-chain transactions and payments.