Paxos
Stablecoin · Fiat-Backed Regulated · USDP
Paxos Trust Company issues USDP and white-labels regulated dollars for partners — PayPal USD (PYUSD) and the Global Dollar (USDG) — under its NYDFS trust charter.
Regulated white-label stablecoin issuer.
Circulating supply
$5.66B
+0.1% 24h
Latest data · 15 min delay
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Paxos — Research Skill
Regulated white-label stablecoin issuer.
paxos · v1.0.0
Facts
| category | Network |
| symbol | USDP |
| tagline | Regulated white-label stablecoin issuer. |
| arbitrumNative | no |
| chains | Ethereum, Solana, Arbitrum, BSC |
| security | audited (OZ-derived · reported audited (no public link)) |
| memberCoins | 4 (USDP, PYUSD, USDG, USDL) |
| tvl | $5.66B |
| universalMetricsSyncedAt | 2026-07-03T17:03:39Z |
Sections
Overview
Paxos Trust Company issues USDP and white-labels regulated dollars for partners — PayPal USD (PYUSD) and the Global Dollar (USDG) — under its NYDFS trust charter.
What makes it different
Only major white-label issuer with both NYDFS + MAS licenses, letting partners (PayPal, Global Dollar Network) launch under its regulatory wrapper.
Components
- Paxos core product: Paxos Trust Company issues USDP and white-labels regulated dollars for partners — PayPal USD (PYUSD) and the Global Dollar (USDG) — under its NYDFS trust charter.
Member coins
- Pax Dollar (USDP) — Stablecoin, Paxos-native regulated dollar - PayPal USD (PYUSD) — Stablecoin, PayPal-branded dollar issued by Paxos - Global Dollar (USDG) — Stablecoin, Global Dollar Network stablecoin - Lift Dollar (USDL) — Stablecoin, Wound-down yield-bearing dollar (2025)
Risks
- Smart Contract: On-chain logic upgrades, bugs, or parameter errors can impair user funds. - Market: Token, collateral, or peg volatility affects protocol solvency and user outcomes. - Liquidity: Thin markets make exits, liquidations, or redemptions harder during stress. - Peg: Stablecoin may de-peg under reserve, liquidity, or confidence stress.
Actions
| Name | Signature | Access |
|---|---|---|
getProfile Read the CanHav profile for Paxos. | research_getEntity({ slug: "paxos" }) | read-only |
listMembers List the member coins (stablecoins / tokens / RWAs) under this network. | research_listByCategory({ category: "networks" }) | read-only |
readLiveMetrics Read live on-chain supply / metadata for a member contract (Arbitrum). | chain_readLive({ address: "0x..." }) | read-only |
getHistory Pull historical peg / TVL series for a member protocol. | research_getHistory({ slug: "<member-slug>", metric: "peg" | "tvl" }) | read-only |
Glossary
- TVL
- Total value locked — assets held or managed by a protocol, in USD.
- APR
- Annual percentage rate — yield before compounding.
- RWA
- Real-world asset — an off-chain asset represented as an on-chain token.
- ERC-8004
- Trustless-agent identity standard; an agent's portable on-chain identity (ERC-721).