Back
[USDP]
Pax Dollar
Stability
0.84/1
Stable
[S]
[M]
[I]
[D]
[G]
[E]
0.84
0.84
0.00
0.10
1.00
0.00
[USDP]
Pax Dollar
Stability
0.84/1
Stable
Reserves
0.9 / 1
Market Feedback
0.45 / 1
Mechanism
1 / 1
1.1Reserves
0.90/1
1.1.1Collateralization % & Type of Collateral
0.99

As of May 31, 2023, BUSD by Paxos is fully backed by US Treasury Bills (14%), Overnight Reverse Repos backed by US Treasuries (67%) and cash (18%) in fully segregated and bankruptcy-remote accounts.

1.1.2Storage of Assets
0.70

For off-chain collateral, we rank storage methods as follows (best to worst)

  • With regulated custodians not in off-shore jurisdictions

  • With regulated custodians in off-shore jurisdictions (e.g, BVI, Bahamas)

  • Others / Undisclosed

USDP reserves are fully held in regulated and insured banks and financial institutions in the USA. Further, each custodian has been pre-vetted by the NYDFS.

1.1.3Asset Segregation
1.00

All customer assets in USDP’s reserves are fully segregated from Paxos’ corporate treasury and held in bankruptcy-remote accounts.