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
Stablecoin metrics
Live circulating supply (DeFi Llama) plus curated reserves, peg mechanism, and risk facts.
Circulating supply
$5.66B
Member supply sum
# Chains
8
Curated deployment
Reserves, peg & risk
Peg mechanism
Fiat reserve, 1:1 mint/redeem.
Reserves / collateral
Cash and U.S. Treasury bills held in bankruptcy-remote accounts.
Audit / attestation history
WithumSmith+Brown monthly attestations.
Chains · EVM: mixed
Deployment notes
USDG primary on Solana; PYUSD on Ethereum/Solana/Arbitrum.
Reserve composition
Reserve custodian
Paxos Trust (bankruptcy-remote)
Reserve breakdown
Attestation cadence
monthly
Attestor
WithumSmith+Brown
| Symbol | Name | Role | Class |
|---|---|---|---|
| USDP | Pax Dollar | Paxos-native regulated dollar | Stablecoin |
| PYUSD | PayPal USD | PayPal-branded dollar issued by Paxos | Stablecoin |
| USDG | Global Dollar | Global Dollar Network stablecoin | Stablecoin |
| USDL | Lift Dollar | Wound-down yield-bearing dollar (2025) | Stablecoin |
Sources
Attestation page
https://paxos.com/transparency