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Ethereum · ERC-20

Is USDP Safe? Pax Dollar Risk Overview

US dollar stablecoin issued by Paxos.

Contract Identity

Token
Pax Dollar (USDP)
Chain
Ethereum
Standard
ERC-20
Decimals
18
Contract
0x8E870D67F660D95d5be530380D0eC0bd388289E1

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This is an editorial token overview, not a scan report or safety rating. Open Sentinel with this address and chain to request a scan. Check the report timestamp and any unavailable checks before relying on its results.

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Key Risk Considerations

  • ▸Deployed behind a ZeppelinOS-style upgradeable proxy; whoever controls the proxy admin can change the token logic.
  • ▸The contract exposes a mint function (mint(address,uint256)); check who holds the minting role and whether supply is capped.
  • ▸The contract includes a pause() function that can halt transfers.
  • ▸The contract can freeze or blacklist addresses (freeze(address)).
  • ▸Redemption depends on Paxos and its reserves; review current attestation reports.
  • ▸Contract facts on this page come from an on-chain bytecode and storage check on 2026-10-29. Roles and implementations can change, so recheck on the chain explorer.

What a Sentinel Scan Checks

Honeypot signals

Checks third-party honeypot, sell-restriction, and transfer-tax signals.

Holder concentration

Measures top-wallet concentration when coherent provider evidence is available.

Liquidity depth

Examines same-chain DEX liquidity, pool age, and pool composition.

Owner permissions

Checks available indicators of owner, mint, pause, blacklist, and fee controls.

Proxy pattern

Checks provider and source indicators of upgradeable proxy contracts.

Source availability

Checks explorer-verified source and ABI availability; does not independently recompile bytecode.

Frequently Asked Questions

What is the USDP contract address on Ethereum?

Pax Dollar (USDP) is deployed at 0x8E870D67F660D95d5be530380D0eC0bd388289E1 on Ethereum as an ERC-20 token with 18 decimals.

Does the USDP contract have admin controls?

Deployed behind a ZeppelinOS-style upgradeable proxy; whoever controls the proxy admin can change the token logic. The contract exposes a mint function (mint(address,uint256)); check who holds the minting role and whether supply is capped. The contract includes a pause() function that can halt transfers. The contract can freeze or blacklist addresses (freeze(address)). Redemption depends on Paxos and its reserves; review current attestation reports. Contract facts on this page come from an on-chain bytecode and storage check on 2026-10-29. Roles and implementations can change, so recheck on the chain explorer.

How do I check if USDP is safe?

Run a Firepan Sentinel scan for a point-in-time token risk assessment. Read the individual findings, report timestamp, and unavailable checks. A scan is not a guarantee of safety.

Building a token?

Sentinel scores deployed tokens. To check your own Solidity or Vyper code before launch, run a free smart contract scan on a public GitHub repository.

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