Pax Dollar token
Overview
Pax Dollar (USDP) is a stablecoin issued by Paxos Trust Company, pegged to the U.S. dollar. Its reserves are fully backed and it operates under the supervision of the New York State Department of Financial Services. The token serves purposes including digital transactions, exchange activities, and acting as a stable store of value within decentralised finance.
Within The Counterparty graph, Pax Dollar connects to 9 tracked entities, most strongly to Ethereum, Solana, BSC.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 9 of 9 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
deployed_on | BSC | 95% |
deployed_on | Linea | 95% |
issued_by | Paxos | 95% |
regulated_by | Paxos | 95% |
backed_by | U.S. Treasury Bills | 90% |
backed_by | Cash Bank Deposits | 90% |
attests_for | Withum Smith+Brown | 90% |
Frequently asked questions
What is Pax Dollar?
Pax Dollar is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 9 other tracked entities, most strongly to Ethereum, Solana, BSC.
What type of entity is Pax Dollar?
Pax Dollar is classified as a stablecoin (token) in The Counterparty knowledge graph.
What is Pax Dollar connected to?
In The Counterparty knowledge graph, Pax Dollar is linked to 9 other tracked entities, most strongly to Ethereum, Solana, BSC.