Pax Dollar (USDP)
CryptoScore Pro global score : 67/100 (computed on 2026-10-29)
Pax Dollar (USDP) is a regulated, fiat-backed stablecoin issued by Paxos Trust Company, operating primarily on the Ethereum blockchain as an ERC-20 token. Designed to maintain a 1:1 peg with the US dollar, USDP serves institutional and retail users seeking a compliant, transparent alternative to traditional stablecoins. Its regulatory oversight under the New York State Department of Financial Services (NYDFS) distinguishes it from many competitors, positioning it as a bridge between conventional finance and digital assets. The stablecoin is part of Paxos’ broader mission to modernize financial infrastructure, offering a secure, audited, and legally compliant medium for transactions, settlements, and value storage in decentralized ecosystems. USDP is built on Ethereum’s smart contract architecture, leveraging its security and widespread adoption while also expanding to the Solana blockchain to enhance scalability and reduce transaction costs. The token’s contract (0x8e870d67f660d95d5be530380d0ec0bd388289e1) is verified and employs a proxy pattern, allowing for upgrades without disrupting user interactions. Paxos maintains full custody of the underlying USD reserves, which are held…
Scores by pillar
| Technology | 53/100 |
|---|---|
| Tokenomics | 73/100 |
| Team | 62/100 |
| Adoption | 77/100 |
| Liquidity | 45/100 |
| Compliance | 71/100 |
Market data
| Price | $0.998 |
|---|---|
| Market cap | $22.45M |
| 24h volume | $806,243.70 |
| Market cap rank | #852 |
| 24h change | 0% |
| 7d change | -0.06% |
| Blockchain | Ethereum |
| Sector | Stablecoin |
Analysis
Pax Dollar is integrated into the stablecoin ecosystem, a category of stable digital assets. It uses the Ethereum and Solana chains for its execution. This token is backed by U.S. dollars held in American banks. The token serves as a bridge between traditional finance and digital assets.