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    Pax Dollar

    USDP

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    07.010
    Risk Level:
    Medium
    Recommendation:Hold
    Evaluated:May 13, 2025 (v2)

    Crypto Token Health Score Explained

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    AI Analysis

    Comprehensive evaluation of the token

    USDP (Pax Dollar) Overall Evaluation

    USDP is a fully collateralized, NYDFS-regulated stablecoin with best-in-class security and transparency. Monthly third-party attestations and audited smart contracts underpin a clean track record (Security 9/10). Its tokenomics are simple and robust (Tokenomics 8/10), but centralization under Paxos creates counterparty risk and limits on-chain governance (Team & Governance 7/10).

    On the development side, Paxos maintains disciplined CI pipelines and timely security patches but shows low external contribution and scant public roadmap (Active Development 5/10). Community engagement is functional yet lacks grassroots enthusiasm (Community 4/10). USDP enjoys wide DeFi and payment use cases (Market & Use Case 8/10), yet competes against larger peers like USDC and USDT.

    Pros

    • 100% USD-backed, audited reserves
    • Strong regulatory oversight (NYDFS)
    • Multi-chain support & broad DeFi integrations
    • No security incidents to date

    Cons

    • Fully centralized mint/burn control
    • Limited developer/community engagement
    • Minimal upside beyond serving as a stable store of value

    Detailed Analysis by Category

    Development Activity

    Code updates and developer engagement

    RiskReturn
    05.010

    Community Support

    Social media presence and community engagement

    RiskReturn
    04.010

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    08.010

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    08.010

    Team & Governance

    Team background and project governance

    RiskReturn
    07.010

    Security & Audits

    Security history and audit status

    RiskReturn
    09.010

    About Pax Dollar (USDP)

    Pax Dollar (USDP)

    Pax Dollar (USDP) is a fully collateralized, USD-backed stablecoin issued by Paxos Trust Company. Designed for transparency and stability, USDP maintains a 1:1 peg with the U.S. dollar through audited reserves held in U.S. bank accounts.

    Key Features

    • USD 1:1 Peg: Each USDP token is backed by one U.S. dollar or equivalent cash equivalents.
    • Regulated & Audited: Paxos Trust Company is regulated by the New York State Department of Financial Services (NYDFS) and publishes monthly reserve attestations.
    • Multi-Chain Support: Native deployments on Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism, and more.
    • Low Volatility: Designed to minimize price fluctuations, providing a reliable medium of exchange and store of value.

    Use Cases

    • Payments & Remittances: Instant, low-fee transfers across borders without currency conversion delays.
    • Decentralized Finance (DeFi): Collateral, liquidity provision, yield farming, and stable trading pairs.
    • Merchant Settlement: Seamless integration for e-commerce, point-of-sale, and billing systems.
    • On-Ramp/Off-Ramp: Easy conversion between fiat and crypto with regulated on-ramp partners.

    Technical Specifications

    • Token Name: Pax Dollar
    • Symbol: USDP
    • Decimal Places: 18
    • Standard: ERC-20 (Ethereum) and compatible with multiple EVM chains

    SEO Keywords: USDP stablecoin, Pax Dollar token, USD-backed crypto, regulated stablecoin, multi-chain stablecoin, Paxos USDP reserves, stablecoin for DeFi

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