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USDPStablecoin·Paxos·LiveAs of Aug 26, 2026

Pax Dollar

NYDFS-regulated dollar stablecoin issued by Paxos, backed by cash and short-duration U.S. Treasuries.

Stablecoin Quality Rating
85/ 100
Limited+2 pts / 30d

Deployment

ETHEthereum
View on explorer →

0x8E870D67F660D95d5be530380D0eC0bd388289E1

OCB — 01·Rating breakdown
Methodology v1.2 · Aug 26, 2026

USDP across four dimensions

DisclosureNaN / 25
LiquidityNaN / 25
StructureLIMITINGNaN / 25
Concentrationn/a

Holder Concentration is not published for this instrument — its holder base is too large or too widely distributed to measure to ground truth. The composite reflects the three measured dimensions, renormalized.

Gap to institutional grade (≥70)Cleared

Signal readings

Top-10 holder pct
Withheld

Custody & backing fields are descriptive — published, not scored

OCB — 02·Outstanding supply
$27.47M

USDP supply over time

USDP · Paxos

Outstanding supply (USD)

USDP outstanding supply is $27.47M as of Aug 25, 2026. -7.3% over the prior 30 days.

ONCHAIN
BENCHMARK
USD DATE $0.00 $10.00M $20.00M $30.00M Jul 26 Jul 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 $27.47M
Source: OCB · USDP · onchainbenchmark.comUpdated daily
OCB — 03·Rating history
29 readings

USDP trust rating since coverage began

USDP · Stablecoin Quality Rating

Composite rating (0–100)

USDP rating is 85 as of Aug 26, 2026. +2 points over the prior 30 days.

ONCHAIN
BENCHMARK
TRUST SCORE 0–100 DATE 0 30 60 90 100 Jul 26 Jul 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 Aug 26 85
Source: OCB Trust Ratings · USDP · onchainbenchmark.comUpdated daily
OCB — 04·Coverage gaps + diligence

What closes the gap — and who closes it

Redemption Liquidity· 1 finding
data gapredemption liquidity gap90% confidence

gap:liquidity

No redemption liquidity data available at time of scoring run.

This gap is re-checked on every scoring run and will close once verifiable data is available.

Verified Jul 25, 2026
Disclosure Quality — issuer disclosure· 1 finding
contract addressEthereum contract95% confidence

Contract address verified on Ethereum: (primary deployment)

Confirmed active onchain.

Score impact: Confirms onchain existence; feeds custody_verification sub-signal

Verified Jul 25, 2026· instrument_deployments registry — chain_id 1
Holder Concentration· 1 finding
data gapholder concentration gap90% confidence

gap:concentration

No holder concentration data available at time of scoring run.

This gap is re-checked on every scoring run and will close once verifiable data is available.

Verified Jul 25, 2026
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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