USDP (Pax Dollar) is Paxos's NYDFS-regulated stablecoin, fully backed 1:1 by cash and short-duration US Treasuries with monthly attestations.
USDP is issued by Paxos. Every USDC → USDP swap on 4SIGHT is quoted across connected venues at once. Executable routes show the protected minimum you can receive, and often deliver more.