[USDP]
Pax Dollar
Stable
Reserves
0.9 / 1
Market Feedback
0.45 / 1
Mechanism
1 / 1
1.1Reserves
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.