R
Live$0 TVL
USDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00MUSDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00M
USD

How to Buy Pax Dollar (USDP)

PaxosStablecoins

This guide walks you through buying Pax Dollar (USDP), a stablecoins asset on Paxos currently earning 3.50% APY. Follow these 5 steps to start earning yield on your investment.

1

Set Up a Wallet

To invest in USDP, you need a compatible crypto wallet. We recommend MetaMask or Rabby for browser-based wallets, or Coinbase Wallet for mobile. Make sure your wallet supports ethereum. Write down your seed phrase and store it securely -- never share it with anyone.

2

Get Stablecoins

USDP is typically purchased with USDC or USDT. You can buy stablecoins on any major exchange (Coinbase, Kraken, Binance) and send them to your wallet on ethereum. If you already have crypto, you can swap to USDC on a DEX like Uniswap or 1inch.

3

Complete KYC (If Required)

Good news: USDP on Paxos does not require KYC verification. You can invest directly from your wallet without identity verification. Note that regulatory requirements may change, so check the protocol's current requirements before investing.

4

Connect to Protocol

Visit the Paxos platform at https://paxos.com/usdp and connect your wallet. Make sure you are on the correct network (ethereum). Review the terms and conditions carefully. Check that the URL is correct to avoid phishing sites -- always access the protocol through official links or bookmark the site.

5

Make Your Investment

Select USDP from the available products and enter the amount you want to invest. Review the current APY (3.50%), any fees, and redemption terms before confirming. Approve the stablecoin spend and confirm the transaction in your wallet. Your yield will start accruing immediately after the transaction confirms.

Ready to invest in USDP?

Start earning 3.50% APY on Paxos today.

Frequently Asked Questions

What is USDP?

NYDFS-regulated stablecoin backed 1:1 by US dollar reserves. Market cap has declined as Paxos shifted focus to PYUSD issuance for PayPal.

What APY does USDP currently offer?

USDP currently offers 3.50% APY. The 7-day average APY is 3.48% and the 30-day average is 3.52%. Yields can fluctuate based on market conditions.

Is KYC required to buy USDP?

No, USDP does not currently require KYC verification. You can invest directly from your wallet.

What chains is USDP available on?

USDP is available on ethereum.

View full USDP analysis

USDP Overview

Current APY
3.50%
TVL
$41.00M
Min Investment
None
KYC Required
No
Chains
ethereum
Risk Level
low risk
Audit Status
audited

Quick Links

USDP AnalysisPaxos ProtocolYield ScreenerYield Calculator