
$1.00
-0.043%
5.6
Financial Audit
Token price
$1.00-0.043%
Market cap
$69,925,374
Volume 24h
2,447,953.55-5.39%
Volume by exchange type (24h)
CEX
$2.44 M-5.48%
DEX
$4.93 K+82.93%
Liquidity ratio 100%
Circulating supply: 69.95 M
Total supply: 69.95 M
Technical Analysis
General Direction
Current Trend
Bearish
Potential Opportunity
Neutral
Market State
In transition
Fundamental
Pax Dollar (USDP) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space.
The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology.
Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology.
Paxos has become the most widely adopted cryptocurrency in the fastest time frame, with support from over 20 exchanges and OTC desks in the first five weeks of its existence. It’s been picked up and listed by six of the top ten cryptocurrency exchanges, Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex. These exchanges are offering PAX as an alternative to the controversial Tether. Unlike the controversy surrounding the people who control Tether, there is no such obscurity when it comes to the people behind Paxos. The CEO and co-founder is Charles Cascarilla. He has over 15 years in financial services and has co-founded Cedar Hill asset management back in 2005. He has also worked and Bank of America and Goldman Sachs prior to that.
The Pax Dollar (USDP) is the first digital asset to be issued by a financial institution and to be fully secured by the U.S. dollar. While other similar stablecoins have existed, there has been no proof of full U.S. dollar reserves, nor have these earlier assets been issued by a financial institution. The Paxos team has been fairly clear in declaring the different base that PAX is working from.
Global Hype
Narratives 24h perfs
- Stablecoins+0.011%
- USD Stablecoin+0.01%
- Solana Ecosystem-1.153%
- Ethereum Ecosystem-0.786%
- Multicoin Capital Portfolio-1.152%
- Fiat-backed Stablecoin+0.005%
Project
Country
Unknown
Website
Whitepaper
Github
Repository
Project age
6 years ago
Related news
6:00 PM
Tether’s Grip On Stablecoin Market At Risk As Regulated Rivals Gain Momentum – Here’s Why
7.5
5:15 PM
Crypto exchange OKX joins Global Dollar Network, integrates Paxos-issued USDG stablecoin
6.5
6:40 PM
Standard Chartered says stablecoins overshadowed bitcoin in discussions; $750 billion market size could trigger macroeconomic shifts
6.5
4:55 PM
JPMorgan says regulators outside US appear to prefer tokenized bank deposits over stablecoins
6.5
CEX Listing score
Maturity: 83 months
Project
Median
Social
Community sentiment
Pax Dollar Cyber security
Website Security Grade
E
- Domain www.paxos.com
- Ip AddressDisclosed
- ServerDisclosed
- StackProtected
- WAF protectedNo
- Last scan 7/19/25
Application Security
DNS Security
Name Servers Version Exposed
Allow Recursive Queries
Cname In NS Records
Mx Records Private IPs
Mx Records Invalid Chars
Email Security
Missing SPF
Ineffective SPF
Missing DMARC
Weak DMARC Policy
Spf Softfail Without DMARC
Missing DKIM
Infrastructure Security
Exposed ports
HTTP 80
HTTPS 443
$USDP Smart Contract Audit
Token Security
- Contract
0x8e870d67f660d95d5be530380d0ec0bd388289e1
- Owner
0x0644bd0248d5f89e4f6e845a91d15c23591e5d33
- Created 9/20/18
- Audit alerts26331
OnChain data
2 chains
Deployment and Activity
Decentralization
Total holders
275,662
Total transactions
36,910,718
110,442 | +110,442 | 36,910,718 | 0 | |
Number of tokens % of tokens Value of holding | ||||
165,220 | 0 | 0 | 0 | |
Number of tokens % of tokens Value of holding |