© 2023 Paxos Trust Company, LLC All Rights Reserved. NMLS #1766787
Paxos no longer mints new BUSD, but allows customers to redeem BUSD for USD or convert their BUSD to USDP.
Fostering trust through verification
In keeping with that commitment, Paxos publishes attestation reports each month.
In order to release information promptly to the public, Paxos self-reports its portfolio composition 5 business days after month’s end; these reports have not been subjected to independent review.
Regulation & Transparency
As a regulated financial institution, Paxos maintains a deep commitment to stringent risk management and due diligence practices.
We publish monthly reserve reports on Paxos-issued digital assets to ensure full transparency and reliability of our financial data.