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Current published record

Pax Dollar

USDP · ethereum · Token

Shariah standard

The only standard that has reviewed this coin so far.

Fasset Shariah Reports v2026.07-pack.1 · Eligible
Eligible

The retained Fasset asset profile records the explicit verdict Shariah Compliant. HilalMarkets identity and use-specific coverage are reviewed separately and no missing source fact was inferred.

Standard usedFasset Shariah Reports v2026.07-pack.1
Decision made2026-07-24 17:11:21 UTC
Published2026-07-24 17:11:21 UTC
Evidence last checked2026-07-24 17:09:34 UTC
Evidence expires2026-07-25 07:26:50 UTC
Next source check2026-08-04 17:15:42 UTC
Back to the list Open the full report
What this result is

A screening result for this coin, under the one standard named above, on the date named above. It is not a universal religious ruling, and it is not approval of every way the coin can be used.

Why this result

The short reasons a reviewer recorded. The criterion-by-criterion detail is under Evidence.

  • Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

What this covers

A result for the coin is not a result for everything you can do with it. Each use is decided on its own.

Asset-level Fasset reference Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Only the exact asset-level external reference.

Based on: Reviewer-approved use decision

Checked 2026-07-24 17:11:21 UTC

Spot ownership and market monitoring Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Spot monitoring only; no leverage or trade execution.

Based on: Reviewer-approved use decision

Checked 2026-07-24 17:11:21 UTC

Which coin exactly

Many coins share a ticker. A ticker on its own is never treated as proof of which coin was reviewed.

Official namePax Dollar
SymbolUSDP
Networkethereum
TypeToken
Identity stateVerified
Identity checkedDate not kept
Contract addresses2
ethereum 0x8e870d67f660d95d5be530380d0ec0bd388289e1
solana HVbpJAQGNpkgBaYBZQBR1t7yFdvaYVp2vCQQfKKEN4tM

Where it trades

Whether an exchange lists a coin is separate from whether it passed the review.

Binance · USDP/USDT · spot Trading now

Evidence

What the reviewer decided on each rule, and the sources behind it. Reviewer decisions and AI-organised facts are kept apart.

Rule by rule

Canonical asset identity Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2f33e95c-a000-4d4f-a111-ece7cdbdad5e · 0a2bce5c-6bbb-4f4c-bba9-cf8955f0d79c

Published Fasset reference Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2f33e95c-a000-4d4f-a111-ece7cdbdad5e · 0a2bce5c-6bbb-4f4c-bba9-cf8955f0d79c

Evidence completeness and freshness Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2f33e95c-a000-4d4f-a111-ece7cdbdad5e · 0a2bce5c-6bbb-4f4c-bba9-cf8955f0d79c

Source scope and exact asset match Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2f33e95c-a000-4d4f-a111-ece7cdbdad5e · 0a2bce5c-6bbb-4f4c-bba9-cf8955f0d79c

HilalMarkets use-specific factual review Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · 2f33e95c-a000-4d4f-a111-ece7cdbdad5e · 0a2bce5c-6bbb-4f4c-bba9-cf8955f0d79c

Sources

A live link can change. The saved copy and its fingerprint cannot.

Pax Dollar official website Available

Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning.

Official project source · taken 2026-07-24 17:09:08 UTC

Open the source

Technical details
Saved copy2f33e95c-a000-4d4f-a111-ece7cdbdad5e
Fingerprint677971e69b80ac2054ceb86ce678b129a3ba6b540febd2e510c73aecc3778de1
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Fasset Shariah Report: USDP Available

Explicit retained verdict: Shariah Compliant; source reference: profile:122.

Fasset · taken 2026-07-24 07:26:50 UTC

Open the source

Technical details
Saved copyf8cef110-0383-49c2-81df-761ce429a9e0
Fingerprint1ae694209e98aeb690e4b215a670d0c1993d975acf19a1dd83538a3ff7934028
Reader versionmethodology-import-pack:1.0.0
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Facts gathered about this coin Not a religious decision

These facts were organised by software from published sources. Software cannot approve, reject or set a Shariah status; only the reviewer above can.

Official websitehttps://www.paxos.com/standard/
Official documentationhttps://standard.paxos.com/whitepaper.pdf
Primary activityStablecoin intended to represent $1. The Paxos page states: “1:1 redemption, always available” and that it is “Fully Backed.”
Token role and utilityToken/stablecoin representing a fiat-denominated dollar balance on-chain (USDP).
Asset typetoken
Governance modelThe supplied evidence mentions USDP reserves and regulatory oversight, but does not provide governance mechanics.
TokenomicsPaxos page claims USDP reserves are “held 100% in cash and cash equivalents” and that customer funds are protected via segregated, bankruptcy-remote accounts; “Paxos publishes Pax Dollar attestation reports each month”.
Staking and rewardsNo native staking information is present in the supplied evidence.
Lending borrowingNo third-party lending/yield information is present in the supplied evidence.
Interest or yieldNo third-party lending/yield information is present in the supplied evidence.
Derivatives and prediction productsNo derivatives information is present in the supplied evidence.
Treasury and revenueThe supplied evidence mentions USDP reserves and regulatory oversight, but does not provide governance mechanics.
Backing redemption or collateralPaxos page claims USDP reserves are “held 100% in cash and cash equivalents” and that customer funds are protected via segregated, bankruptcy-remote accounts; “Paxos publishes Pax Dollar attestation reports each month”.
Plain language profileStablecoin intended to represent $1. The Paxos page states: “1:1 redemption, always available” and that it is “Fully Backed.” Token/stablecoin representing a fiat-denominated dollar balance on-chain (USDP).
ProvenanceHILALMARKETS_AI_ENRICHMENT_UNVERIFIED
Last evidence verification2026-07-24T17:09:34.040675+00:00
Evidence expires at2026-07-25T07:26:50.003280+00:00
Next governance review at2026-07-25T17:11:21.668570+00:00
NoticeHilalMarkets factual research is not Fasset's unpublished reasoning and is not an independent religious ruling.
Gaps in the evidence

A specific Fasset Shariah Reports row/evidence entry for USDP (Pax Dollar) with a status language like “Shariah Compliant” and a mapped symbol/canonical id (the provided import pack excerpt does not show the USDP entry; the package also notes withheld authority content). · Any Shariah Reports report details for USDP explaining the underlying permissibility criteria (with verdict fields, if any) — the package content for Fasset decisioning is withheld from AI. · On-chain contract/functionality details (beyond the token being USDP on Ethereum/Solana) that would support categorization such as settlement mechanics, redemption/burn/mint flow, or any transfer restrictions. · Information about whether USDP is used in any lending/yield/derivatives context (native or third-party) relevant to the product-level analysis.

History

Older events stay visible after newer versions replace them.

The human decision

DecisionApproved
Who decidedExternal reference automation
When2026-07-24 17:11:21 UTC
Published2026-07-24 17:11:21 UTC

Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

Everything that happened

  • Reviewer decision

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 17:11:21 UTC · Amr · start → approved
  • Status changed

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 17:11:21 UTC · External authority reference automation · start → eligible
  • Published

    The reviewed decision was published as an immutable Passport version.

    2026-07-24 17:11:21 UTC · Hilal Markets · start → published

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