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Record sog_st_usdp
USDP/Pax Dollar
Also recorded as USDP, Pax Dollar, PAX
- Lifecycle
- Active
- Issuance
- Restricted
- Reference target
- US dollar
- Primary organization
- PaxosNo additional recorded relationship
- Launch
- 2018-09-10
- Redemption
- Eligible Customers Only
- Backing
- Fiat and cash equivalents
- Stabilization
- Issuer redemption
- Last review
- 2026-06-05
- Evidence
- 5 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.A US dollar stablecoin issued by Paxos, supported by issuer reserve reports and redemption through eligible Paxos accounts.
| Name | Pax Dollar |
|---|---|
| Symbol | USDP |
| Aliases | USDP, Pax Dollar, PAX |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Restricted |
| Canonical record ID | sog_st_usdp |
| Route slug | usdp |
| Record confidence | Medium |
| Last reviewed | 2026-06-05 |
- Name
- Pax Dollar
- Symbol
- USDP
- Aliases
- USDP, Pax Dollar, PAX
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Restricted
- Canonical record ID
sog_st_usdp- Route slug
usdp- Record confidence
- Medium
- Last reviewed
- 2026-06-05
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 5 |
| Reserve reports | 2 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 2 |
| Issuer-control actions | 0 |
| Open questions | 3 |
| Events | 1 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Centralized
- Primary display organization
- Paxos
- Primary display role
- Legal issuer
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 2 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 2 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Paxos | Company or corporate group | Not recorded in canonical data | United States | Legal issuer | Primary display | 2018-09-10 | Not yet recorded | Active relationship |
Company or corporate group
Primary displayPaxos
- Functional role
- Legal issuer
- Relationship status
- Active relationship
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- United States
- From
- 2018-09-10
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- 1
- Reference methodology
- Targets a US dollar reference value unless the record documents a different target value.
- Public backing model
- Fiat and cash equivalents
- Canonical backing types
- Mixed
- Reserve component categories
- Unknown
- Primary stabilization mechanism
- Issuer redemption
- Recorded model description
- Fiat-backed
- Redemption / exit model
- Eligible Customers Only
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- Not recorded
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- Mixed backing; component breakdown unresolvedUnknown after review
| Disclosure status | Available |
|---|---|
| Backing types | Mixed |
| Summary | Paxos reserve and attestation records are tracked separately as historical records. |
| As of | 2026-06-05 |
| Profile confidence | Medium |
- Disclosure status
- Available
- Backing types
- Mixed
- Summary
- Paxos reserve and attestation records are tracked separately as historical records.
- As of
- 2026-06-05
- Profile confidence
- Medium
| Current status | Eligible Customers Only |
|---|---|
| Settlement asset | USD |
| Eligible parties | Direct one-to-one redemption requires an eligible verified Paxos account and completion of current compliance checks. |
| Retail access | Available to Verified Paxos Customers Subject to Terms |
| Institutional access | Available to Verified Paxos Customers Subject to Terms |
| Minimum amount | Paxos may impose and update a minimum redemption amount under current terms and the Paxos User Guide. |
| Fee | Paxos states it does not charge a redemption fee; bank, wallet, network, or transfer fees may apply. |
| Settlement time | Processed after compliance checks according to the applicable Paxos redemption schedule and banking operations. |
| Regional limits | Account eligibility, supported jurisdiction, sanctions, compliance, and platform restrictions apply. |
- Current status
- Eligible Customers Only
- Settlement asset
- USD
- Eligible parties
- Direct one-to-one redemption requires an eligible verified Paxos account and completion of current compliance checks.
- Retail access
- Available to Verified Paxos Customers Subject to Terms
- Institutional access
- Available to Verified Paxos Customers Subject to Terms
- Minimum amount
- Paxos may impose and update a minimum redemption amount under current terms and the Paxos User Guide.
- Fee
- Paxos states it does not charge a redemption fee; bank, wallet, network, or transfer fees may apply.
- Settlement time
- Processed after compliance checks according to the applicable Paxos redemption schedule and banking operations.
- Regional limits
- Account eligibility, supported jurisdiction, sanctions, compliance, and platform restrictions apply.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| 2026-06-05 | Paxos | Issuer Disclosure Reference | Cash, Cash Equivalents, Not yet recorded | Medium |
| 2026-06-05 | Paxos | Reserve Transparency Archive | Cash, Cash Equivalents, Not yet recorded | Medium |
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Specific network recorded | Not yet recorded | Technical-standard record | Erc20 | Unknown or unresolved | Explorer Reference Available | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | 0x8e870d67f660d95d5be530380d0ec0bd388289e1 | Not yet recorded | Not yet recorded | 0 | Ethereum USDP contract reference linked from Paxos page and Etherscan source. Continue to prefer issuer docs plus explorer for final deployment facts. |
| Solana | Specific network recorded | Not yet recorded | Technical-standard record | Spl Token | Unknown or unresolved | Explorer Reference Available | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | HVbpJAQGNpkgBaYBZQBR1t7yFdvaYVp2vCQQfKKEN4tM | Not yet recorded | Not yet recorded | 0 | Solana USDP token reference linked from Paxos page and Solscan source. Keep as explorer-backed until a dedicated issuer docs source is added. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Paxos USDP page Published Not yet recorded | Paxos | Official documentation or product page Canonical: Issuer Page | Subject-controlled source | Primary source | USDP overview, NYDFS oversight, Ethereum and Solana availability, 1:1 redemption, reserve reports, and bankruptcy-remoteness context | No archive recorded | Medium |
| Paxos USDP transparency reports Published Not yet recorded | Paxos | Reserve, assurance, or financial report Canonical: Reserve Transparency Page | Subject-controlled source | Primary source | USDP reserve reports and transparency archive entry point | No archive recorded | High |
| Pax Dollar (USDP) on Etherscan Published Not yet recorded | Etherscan | On-chain record or explorer Canonical: Explorer | Technical primary source | Primary source | Ethereum USDP token contract reference | No archive recorded | High |
| Paxos USDP contracts repository Published Not yet recorded | Paxos | Technical documentation or repository Canonical: Repository | Technical primary source | Primary source | USDP contract implementation reference | No archive recorded | High |
| Pax Dollar (USDP) on Solscan Published Not yet recorded | Solscan | On-chain record or explorer Canonical: Explorer | Technical primary source | Primary source | Solana USDP token reference | No archive recorded | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Reserve Report History | USDP reserve report archive entries need period-level report rows before SOG displays a historical reserve timeline. | Unknown after review | Medium | 2026-06-05 |
| Redemption Terms | USDP direct redemption eligibility, customer onboarding, jurisdiction, minimum amounts, and current Paxos terms need source-specific extraction before final redemption availability is displayed. | Unknown after review | Medium | 2026-06-05 |
| Solana Deployment Status | USDP Solana token status, issuer support level, and exact history should be reviewed against Paxos sources and explorer data before being treated as final chain coverage. | Unknown after review | Medium | 2026-06-05 |
Reserve Report History
USDP reserve report archive entries need period-level report rows before SOG displays a historical reserve timeline.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-05
Redemption Terms
USDP direct redemption eligibility, customer onboarding, jurisdiction, minimum amounts, and current Paxos terms need source-specific extraction before final redemption availability is displayed.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-05
Solana Deployment Status
USDP Solana token status, issuer support level, and exact history should be reviewed against Paxos sources and explorer data before being treated as final chain coverage.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-05
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2018-09-10 | Pax Dollar launch context | Launch and introduction | Launch | No lifecycle change | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.Use these explainers to compare the legal, regulatory, reserve, redemption, or distribution questions connected to this record.
- All stablecoinsCompare this record with the rest of the archive.
- PaxosUnited States
- Event registry1 connected event recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.