Pax Dollar and USDP make it easier to identify this asset as a DOLLAR-backed token, while paying tribute to the Paxos brand that consumers and partners trust. Unlike other stablecoins, the USDP is regulated and can always be redeemed one-to-one with dollars. Stablecoin's prospects have come under increasing scrutiny in recent months as the media and policymakers have asked what real dollar support means. By becoming USDP, our tokens are immediately recognized as DOLLAR-backed tokens, synonymous with our trusted, regulated reserves.

Paxos believes that USDP adoption will bring greater efficiency and instant transactions to today's institutions and consumers, while also inviting the unbanketed to participate in the digital economy in a safe and convenient way. The USDP is for anyone who wants to store and remit money safely, quickly and economically. With Stablecoins capable of transforming global payments, the USDP can be trusted as a mainstream solution. The USDP provides financial services to everyone, even those without bank accounts.