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USDPStablecoin·Paxos ↗·LiveAs of Oct 10, 2026···

Pax Dollar

Dollar stablecoin issued by Paxos, backed by cash and short-duration U.S. Treasuries. Paxos Trust Company is an OCC-chartered national trust bank.

Stablecoin Quality Rating
87/ 100
Verified Capital+1.9 pts / 30dData gap: Disclosure Quality · Redemption Liquidity · Structural Trust
OCB — 01·Rating breakdown
Methodology v1.6 · Oct 10, 2026

USDP across four dimensions

Reserve23 / 25
RedemptionLIMITING19 / 25
Transparency23 / 25
Concentration22 / 25
Gap to Institutional-grade (≥70)Cleared

Signal readings

Top-10 holder pct
23.7%

Custody & backing fields are descriptive — published, not scored

OCB — 02·Outstanding supply
$23.39M

USDP supply over time

USDP · Paxos

Outstanding supply (USD)

USDP outstanding supply is $23.39M as of Oct 10, 2026. -14.9% over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · USDP · onchainbenchmark.comUpdated daily
OCB — 03·Rating history
74 readings

USDP quality rating since coverage began

USDP · Stablecoin Quality Rating

Composite rating (0–100)

USDP rating is 87 as of Oct 10, 2026. +1.9 points over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · USDP · onchainbenchmark.comUpdated daily
OCB — 04·Deployments

Where this instrument lives onchain

ETHEthereum
0x8E870D…8289E1Explorer ↗
OCB — 05·Coverage gaps + diligence

Where coverage is incomplete — and what could narrow it

Methodology

USDP is scored across the same four dimensions as every other rated instrument in its class — Reserve Quality, Redemption Depth, Holder Concentration, and Transparency. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.

Read the full methodology ↗
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