Paxos stablecoins are digital dollars that will always equal a dollar.
High standards of consumer protection
Paxos-issued stablecoins – and their reserves – are subject to strict regulatory oversight by the New York State Department of Financial Services.
1:1 redemption, readily available
Reserves are held 100% in cash and cash equivalents – meaning that customer funds are always available for 1:1 redemption with Paxos.
Bankruptcy remote, assets fully segregated
Under New York banking law, in the event of Paxos Trust insolvency, customer assets may not be used to satisfy the debts of Paxos because client assets are held bankruptcy remote.
As the first regulated blockchain infrastructure platform, Paxos has a policy commitment to ensure up-to-date attestations are made available to the public. You can also review our regulation and transparency page to view the reports and attestations for each stablecoin.
Note: Paxos will no longer mint new BUSD stablecoins as of February 21. BUSD redemptions (ERC-20 only) will remain fully supported by Paxos and will be redeemable to onboarded customers through early 2024. Paxos is not responsible for actions taken on another exchange.