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    Parallel USDp

    USDP

    @Paxos

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    06.910
    Risk Level:
    High
    Recommendation:Hold
    Evaluated:January 10, 2026 (v8)

    Dimension Breakdown

    Development Activity8.5
    Community Health4.5
    Tokenomics7.5
    Market & Use Case7.8
    Team & Governance9.0
    Security & Audits3.5

    Whale Pulse

    Large transaction flow (>$10k)

    No whale transactions >$10k detected recently for USDP.

    AI Analysis

    Comprehensive evaluation of the token

    The evaluation reveals a critical identity duality for the symbol USDP. Five of the six sections evaluate the asset as Pax Dollar (Paxos), describing a highly regulated, secure stablecoin backed 1:1 by U.S. Treasury bills. These sections highlight strong institutional governance (Score 9/10), active maintenance of compliance infrastructure (Score 8.5/10), and a robust, non-inflationary tokenomic model (Score 7.5/10), though community engagement is low due to its B2B nature. Conversely, the Security section specifically evaluates 'Parallel USDp' (Parallel Finance), flagging severe risks including allegations of fund drains and protocol abandonment, resulting in a low score of 3.5/10. While the overall weighted score indicates a quality project, the specific security warnings associated with the Parallel Finance variant and the resulting market confusion necessitate a higher risk classification. The asset shows strength as a regulated settlement layer but carries reputational baggage from the ticker's association with the compromised protocol.

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    Development Activity

    Code updates and developer engagement

    RiskReturn
    08.510

    Community Support

    Social media presence and community engagement

    RiskReturn
    04.510

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    07.510

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    07.810

    Team & Governance

    Team background and project governance

    RiskReturn
    09.010

    Security & Audits

    Security history and audit status

    RiskReturn
    03.510
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    About Parallel USDp (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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