Pax Dollar USDP

Ethereum EcosystemStablecoinsUSD StablecoinSolana EcosystemMulticoin Capital PortfolioFiat-backed StablecoinPaxos EcosystemGENIUS Act Compliant Stablecoin

Pax Dollar leads in market ecosystem and team governance, with roadmap delivery remaining a key focus, currently holding a D rating.

Rating updated 2026-07-30
D27.12 / 100

Sector Rank #568 · Global Rank #1156

Roadmap Delivery0F
Technical Implementation----
Tokenomics21.52F
Team Governance52.8E-
Market Ecosystem67.91D+
Security & Compliance0F
01

Overall Rating

D · 27.12 / 100
Roadmap Delivery
0
Tokenomics
21.52
Team Governance
52.8
Market Ecosystem
67.91
Security & Compliance
0
Overall Score
27.12

Pax Dollar has an overall rating Df D (total 24.6), ranking high in market ecosystem, team governance, and economic model across six dimensions. The main point of deduction is roadmap delivery (0 points)—mainly affected by sub-items such as development continuity (0 points) and development heat trends (0 points).

Rating Team Conclusion: "Pax Dollar has relative advantages in market ecosystem, team governance, and economic model, but its current shortcomings are concentrated in roadmap delivery." " It is recommended to observe cautiously and not use it as a core configuration basis for now.

02

Six-Dimension Rating Breakdown

Roadmap Delivery

0/100

Roadmap On Time Delivery Rate?Lack of public roadmaps and development activity data.Weight 35%Insufficient data · 0 / 100

Last 4 upgrades achieved?There is a lack of public records and delivery information on recent upgrades.Weight 30%Insufficient data · 0 / 100

Milestones to Deliver?No public pending delivery milestone plans were found.Weight 20%No public milestones · 0 / 100

History Extension Record?Lack of historical roadmap delivery delays.Weight 15%Insufficient data · 0 / 100

Technical Implementation

60.25/100

Consensus Mechanism?As an ERC-20 token, it relies on Ethereum's PoS mechanism.Weight 30%Relying on Ethereum PoS · 70 / 100

Main network years of operation?The main network of the project has been operating stably for about five years.Weight 15%About 5 years · 85 / 100

Recent upgrades?There is a lack of public upgrade records, and the contract employs a proxy model.Weight 35%Insufficient data, agency contracts exist · 30 / 100

Client Diversity?As an Ethereum token, it benefits from the diversity of Ethereum clients.Weight 20%Good (depends on Ethereum) · 80 / 100

Tokenomics

27/100

Deflationary Mechanism?As a stablecoin, its design goal is non-deflationary.Weight 30%&None · 10 / 100

Inflation rate?Supply is adjusted as needed to maintain its peg to the US dollar.Weight 25%Stable, casting on demand · 75 / 100

Staking rate/position lock-up rate?As a stablecoin, it does not offer staking or lock-up mechanisms.Weight 25%No staking/lock-up · 5 / 100

Supply Upper Limit?Supply is elastic, with no fixed limit to maintain the peg.Weight 20%No fixed upper limit · 20 / 100

Team Governance

63.5/100

Core Development Team?Supported by Paxos, but the core development team has limited public information.Weight 30%Paxos team, limited public information · 60 / 100

Governance mechanisms?As a centralized stablecoin, it is governed by Paxos.Weight 25%Centralized Governance · 70 / 100

Financial Transparency?As a regulated entity, it offers high transparency of funds.Weight 25%Higher (Regulated) · 80 / 100

Concentration of key people?As a centralized project, key figures and decision-making power are highly concentrated.Weight 20%Relatively high · 40 / 100

Market Ecosystem

61.1/100

Active Address?The model assessed that active addresses performed well.Weight 30%Approximately 81.81 / 100 (model score) · 82 / 100

Ecological chain/L2 quantity?It has been deployed on two major chains: Ethereum and Solana.Weight 25%2 chains (Ethereum, Solana) · 60 / 100

DeFi TVL?As a stablecoin, its market capitalization can be considered DeFi TVL, with a moderate scale.Weight 25%Approximately $31.92 million (market capitalization) · 70 / 100

Developer community?Lack of public data on developer community activities.Weight 20%Slightly Lower (No Public Data) · 20 / 100

Security & Compliance

81/100

Historical Major Failure?So far, no major security incidents have been found.Weight 25%No major safety incidents · 90 / 100

Regulatory Attitude?As a regulated stablecoin, it maintains a friendly regulatory attitude.Weight 30%Friendly (Regulated) · 95 / 100

Sec Attitude?Stablecoins supported as regulated fiat currencies are presumed to be non-securities.Weight 30%Non-securities (presumption) · 90 / 100

Client Bug Frequency?Lack of client bug data, but risk of proxy contracts.Weight 15%Insufficient data and risk of agency contracts · 20 / 100

04

D Peer Comparison

Export CSV
Pax DollarD · 27.12VOOID · 33.28ColonyD · 33.27IMOD · 33.25
Overall Score27.1233.2833.2733.25
Roadmap Delivery037.511.2537.5
Technical Implementation--------
Tokenomics21.5203.5829.52
Team Governance52.895.9686.6344
Market Ecosystem67.9166.1518.326.96
Security & Compliance0052.5150.06

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