USDP is a dollar-pegged stablecoin one-to-one backed by money and cash-equivalent U.S. authorities debt devices, in response to impartial attestations. Each Paxos and USDP are regulated by the New York Division of Monetary Providers (NYDFS), the state’s main monetary regulatory company. Successfully, Paxos would cross part of the income earned on the federal government bonds backing USDP to Maker.
