Highest standards of consumer protection
Paxos’ issued stablecoin USDP is subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection.
1:1 redemption, always available
USDP reserves are held 100% in cash and cash equivalents, meaning customer funds are always available for 1:1 redemption.
Customer assets protected from bankruptcy
Under New York banking law, in the event of Paxos Trust’s insolvency, customer assets would not be used to satisfy the debts of Paxos because client assets are protected from bankruptcy and held in segregated accounts.
USDP is built to keep your customers' assets safe
Comparing a regulated custodian with a trust charter like Paxos vs. stablecoin issuers with money transmitter license (MTL) registrations.
*This is a distinguishing feature of Paxos’ PYUSD and USDP stablecoins from MTL-based and unregulated stablecoin issuers. If MTL-based and unregulated stablecoin issuers become insolvent, customers would become exposed to delays, and courts could determine customer assets belong to the senior creditors of the issuer’s bankruptcy estate.
Get started with USDP
Explore how your team can use USDP to safely hold assets on chain, give your users access to digital dollars and more.