USD-pegged · fiat-backed · #88 by USD value
Pax Dollar (USDP) is a USD-pegged fiat-backed stablecoin, backed by usd reserves (paxos). It currently ranks #88 among tracked stablecoins by circulating supply, and is deployed across 4 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 88.3% | $28.2M |
| Solana | 7.2% | $2.3M |
| BSC | 4.5% | $1.4M |
| Linea | 0.0% | $2 |
Pax Dollar (USDP) is a USD-pegged stablecoin backed by usd reserves (paxos). Its peg mechanism is fiat-backed, and it currently ranks #88 among tracked stablecoins by circulating supply.
USDP has a circulating supply of $31.9M (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
USDP is backed by USD reserves (Paxos). This means holders' claims are collateralized in that form, with reserves reported by the issuer.
USDP is deployed across 4 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
USDP shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; USDP ranks #88.
| Full Name | Pax Dollar |
| Symbol | USDP |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | USD reserves (Paxos) |
| Chains Deployed | 4 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |