USDP
Convert USDP to equivalent US Dollars at any time. Paxos offers unparalleled assurance to customers that their USDP is backed one-to-one by the dollar.
USDP is subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection.
USDP reserves are held in cash and cash equivalents, meaning that customer funds are always kept safe and available for redemption.
USDP gives customers the ability to store and send US Dollars with freedom, unrestricted by the limits of traditional banking. Move money instantaneously, anytime, across borders.
With only a mobile phone, you can create an account and use USDP to store and send money or access crypto markets. USDP provides financial access to everyone – even the 1.7 billion adults globally without bank accounts.
USDP is reviewed by a top-ranking auditing firm on a monthly basis to verify its supply matches the reserve account comprised of US Dollars and debt instruments that are expressly guaranteed by the full faith and credit of the United States Government, including through repurchase agreements and/or money-market funds composed of such debt instruments. We make every report available – because your money matters.
Learn about USDP and stablecoins in the Paxos whitepaper
Why regulation is paramount to consumer safety
Paxos CEO Charles Cascarilla on the Tearsheet podcast
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From Forbes. © 2020 Forbes. All rights reserved. Used under license.
From Fortune. © 2020 Fortune Media IP Limited All rights reserved. Used under license.
From The New York Times. © 2015 The New York Times Company. All rights reserved. Used under license.
