> ## Documentation Index
> Fetch the complete documentation index at: https://docs.paxos.com/llms.txt
> Use this file to discover all available pages before exploring further.

# USDP Overview

> Learn more about the Fully backed, legally protected, always available Pax Dollar.

<img src="https://mintcdn.com/paxos-0ac97319/ykAU2vouTvwgGjtD/images/usdp.png?fit=max&auto=format&n=ykAU2vouTvwgGjtD&q=85&s=df81dc764f0a93a7af1e4bfb9215d4a6" alt="USDP" align="right" width="10%" data-path="images/usdp.png" />

Pax Dollar (USDP), issued by Paxos Trust Company, LLC (Paxos), is an open, U.S. dollar-denominated stablecoin.
USDP reserves are held 100% in cash and cash equivalents.
Available on multiple blockchains, USDP offers near-instant global settlements, low to no-cost transactions, and can be integrated with the most widely used exchanges, wallets, and dApps.
USDP is always fully redeemable from Paxos on a one-to-one basis for US dollars (1 USDP  = 1 USD).

> See the [Paxos Developer Guides](/) to [mint](/guides/developer/orchestrations/mint), [redeem](/guides/developer/orchestrations/redeem) and [convert](/guides/developer/orchestrations/convert) USDP on the Paxos platform.<br />**Questions?** [Contact the Stablecoin Team](https://support.paxos.com).

## USDP Transparency

Paxos is committed to ensuring the public availability of reports on the USDP reserve assets.
Paxos publishes monthly reports on reserve composition as well as attestations reports issued by an independent third-party accounting firm. See the [USDP transparency reports](https://paxos.com/usdp-transparency/).