What are Paxos’ stablecoin offerings and how are they backed?

What are Paxos’ stablecoin offerings and how are they backed?

Paxos offers several stablecoins, including Pax Dollar (USDP) and those issued for major partners like PayPal (PYUSD). These stablecoins are designed to maintain a 1:1 peg with the U.S. dollar and are backed by fully reserved assets. The company publishes monthly attestation reports to verify reserve holdings.

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