Regulation & Transparency
Building trust in digital assets with regulated blockchain infrastructure & regulated, fully-backed USD stablecoins.
Pax Dollar (USDP) Transparency Reports
Pax Dollar (USDP) Transparency Reports
Pax Dollar is Paxos’ issued stablecoin. We make every report available – because your money matters.
Pax Dollar (USDP) Transparency Reports
Pax Dollar is Paxos’ issued stablecoin. We make every report available – because your money matters.
Fostering trust through verification
As the first regulated blockchain infrastructure platform, Paxos has a policy commitment to ensure up-to-date attestations are made available.
In keeping with that commitment, Paxos publishes attestation reports each month.
In keeping with that commitment, Paxos publishes attestation reports each month.
Paxos Reports
In order to release information promptly to the public, Paxos self-reports its portfolio composition 5 business days after month’s end; these reports have not been subjected to independent review.
Attestations
Attestation reports are issued by WithumSmith+Brown, PC, an independent third-party accounting firm. Withum’s examination is conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).
Attestations*
Attestation reports are issued by WithumSmith+Brown, PC, an independent third-party accounting firm. Withum’s examination is conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).
*WithumSmith+Brown, PC is an independent third-party accounting firm. Their appointment as Paxos’ examination provider has been approved by Paxos’ prudential regulator, the New York Statement Department of Financial Services, as detailed in Section 3 of their Dollar-Backed Stablecoins guidance.
USDP: The world’s leading regulated stablecoin
A digital dollar that always equals a dollar
Regulated
Highest industry standards
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 US treasuries, meaning customer funds are always available for 1:1 redemption.
Bankruptcy Remote
Assets fully segregated
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 held bankruptcy remote. All USDP stablecoin reserves are held in segregated, bankruptcy remote accounts.
Learn More: Paxos’ Trust, Transparency and Stability
