Paxos

Pax Dollar is the world’s leading regulated stablecoin. Convert USDP to equivalent US Dollars at any time. Paxos offers unparalleled assurance to customers that their USDP is backed one-to-one by the dollar. USDP is subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection. USDP reserves are held in cash and cash equivalents, meaning that customer funds are always kept safe and available for redemption.