Issuer of USDP (~$41M) and infrastructure behind PYUSD. NY-regulated trust company.
Overview
Ticker
USDP
Backing type
Fiat-backed
Market cap
$150M+
Peg currency
USD
Issuer
Paxos Trust Company
Auditor
WithumSmith+Brown
Yield rate
—
Launch year
2018
Reserves
US Treasuries, cash deposits at US-regulated banks
Supported Chains
EthereumSolana
Regulatory
MiCA compliant
No
Jurisdiction
United States (New York)
NY DFS regulated trust companyNY BitLicense
Features
Programmable—
Rebaseable—
Permissioned—
Cross-chain—
DeFi integrated✓
Institutional grade✓
Use Cases
Regulated paymentsSettlement assetDeFi collateralInstitutional treasury