Paxos' own regulated dollar token, fully reserved in Treasuries and cash under NYDFS trust charter supervision.
Supply history
Safety score: 78/100 — Adequate
Acceptable for most use cases, but watch collateral quality and liquidity depth.
Full methodology →- Collateral quality & transparency (30%)95
What actually backs the token and how often it is verified. Treasury-backed with daily or on-chain proof scores highest; unattested reserves score lowest.
- Peg stability (25%)87
Live deviation from $1.00 plus the worst historical depeg on record. A single deep depeg keeps weighing on the score.
- Liquidity depth (20%)16
Tracked on-chain pool liquidity in absolute dollars and as a share of circulating supply — how much can exit before the price moves.
- Issuer & legal structure (15%)100
Regulatory status of the issuer and whether holders have a direct redemption right or only a secondary market exit.
- Track record (10%)100
Years in production, minus documented incidents.
Issuer & structure
- Regulatory regime
- NYDFS-regulatedsource
- Issuer
- PaxosLEI549300…
- Jurisdiction
- United States (NYDFS)
- Collateral
- treasuries
- Peg mechanism
- fiat-backed
- Attestation
- monthly
- Redemption
- direct
- Issuer can freeze balances
- Yes — issuer can freeze balances
- Attestor
- WithumSmith+Brown
- Launched
- 2018
- Website
- —
Where to get USDP
Every venue that sells Pax Dollar, ranked by what a purchase actually costs once fees, spread and the withdrawal to your chain are counted.
Cheapest route: Transak — you receive about $981 of USDP from $1,000 (1.89% all-in, straight to your wallet).
| Venue | Type | Fee | Spread | Withdrawal | All-in cost | You receive | Verified | Go |
|---|---|---|---|---|---|---|---|---|
| On-ramp | 0.99% | 0.90% | direct to wallet | $19 1.89% | $981 | 2026-08-11 stale — verify at checkout Fee accurate? | Buy on Transak | |
| On-ramp | 1.00% + $4 | 1.00% | direct to wallet | $24 2.40% | $976 | 2026-08-11 stale — verify at checkout Fee accurate? | Buy on MoonPay | |
| On-ramp | 1.50% | 1.20% | direct to wallet | $27 2.70% | $973 | 2026-07-28 stale — verify at checkout Fee accurate? | Buy on Banxa |
Estimates built from published fee schedules — the final price is shown at venue checkout. Partner links never change this ranking.
Put it to work
No yield on USDP currently clears our vetting bar ($100M+ TVL, 1yr+ track record). Rates below that bar exist — see the yield hub for the unvetted list and why we separate them.
Alternatives worth knowing
Spend it
No card in our directory spends USDP directly. Swapping into USDC or USDT first is the usual route — factor the swap cost in.
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