What Pax Dollar is designed to do
Pax Dollar (USDP) is a fiat-backed stablecoin, currently ranked 222nd by market capitalization among the assets we track. Pax Dollar is a tokenized claim on reserves held by its issuer. The design goal is a stable peg, which makes the relevant questions about Pax Dollar reserve quality and redemption, not upside.
Paxos Standard (USDP) is a stablecoin designed to maintain a 1:1 peg with the US dollar, providing a secure and efficient digital currency for transactions and value storage. It is fully backed by US dollar reserves held by the Paxos Trust Company.
How the peg is meant to hold
A fiat-backed stablecoin holds its peg through redemption: if USDP trades below its target, arbitrageurs buy it cheap and redeem at par, and vice versa. That arbitrage only works if redemption is real and reserves are sufficient.
USDP is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Pax Dollar operates under a centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. A documented core team of 12 contributors is listed publicly, a depth of disclosed staffing many long-tail tokens lack. CoinPaprika classifies the project's development status as "On-going development".
In sector terms it is most often filed under Binance Coin (BNB) Token (BEP-20), Ethereum (ETH) Token (ERC-20), and Stablecoin.
Where Pax Dollar sits in the market
At $1.00, Pax Dollar carries a market capitalization of $63.30M. Around $2.60M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 4.11% of the float — a healthy level of activity for an asset this size.
Pax Dollar carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. USDP trades about -18% below its all-time high of $1.21, within reach of prior peaks. Measured from its all-time low of $0.7678, USDP is up +30%.
What the price history shows
The tape currently reads 7-day +0.04%, 30-day +2.45%, 1-year +0.19%. Within its 365-day range, USDP sits around the middle (the 74th percentile of recent daily closes).
Volatility profile
Recent action puts Pax Dollar in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals +2.45%, a useful input for stop placement and position sizing.
How to evaluate a stablecoin like Pax Dollar
The honest checklist for USDP is short:
- Reserve quality — what backs USDP — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
