BUSD Transparency Reports

Transparency Reports

Paxos no longer mints new BUSD, but allows customers to redeem BUSD for USD or convert their BUSD to USDP.

Fostering trust through verification

As the first regulated blockchain infrastructure platform, Paxos has a policy commitment to ensure up-to-date attestations are made available.

In keeping with that commitment, Paxos publishes attestation reports each month.
Paxos Reports 1

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.

Jan    Feb    Mar    Apr    May    Jun

Jan   
Feb 10    
Feb 14
Feb 16    
Feb 21   
Feb 23
Feb 28   
Mar 7   
Mar 9    
Mar 13   
Mar 22
Mar 29   
Mar 31   
Apr 11   
Apr 17   
Apr 24   
Apr 28
May 8
May 15
May 22
May 31
June 12
June 20
June 26
June 30
Jul 10
Jul 17
Jul 24
Jul 31
Aug 7
Aug 14
Aug 21
Aug 28
Aug 31
Sep 11
Sep 18
Sep 25
Sep 29
Oct 9
Oct 16
Oct 23
Oct 31
Nov 6
Nov 13
Nov 20
Nov 27
Nov 30
Dec 11
Dec 18
Dec 29

 Jun    Jul    Aug    Sep    Oct    Nov    Dec 

Attestations 2

Attestation reports are issued by WithumSmith+Brown, PC, an independent third-party accounting firm. Withum’s examination is conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).

Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep    Oct

Jan   Feb   Mar   Apr   May   Jun    Jul    Aug    Sep    Oct    Nov    Dec

Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep    Oct
Nov    Dec

Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep    Oct    Nov    Dec

Jan    Feb    Mar    Apr    May    Jun    Jul    Aug    Sep    Oct    Nov    Dec

Sep    Oct    Nov    Dec

1 In February 2023, Paxos halted new issuance of BUSD and began to wind down the product. Paxos no longer proactively provides monthly reserve reports. Questions? Reach out to [email protected].

2 WithumSmith+Brown, PC is an independent third-party accounting firm. Their appointment as Paxos’ examination provider has been approved by Paxos’ prudential regulator, the New York Statement Department of Financial Services, as detailed in Section 3 of their Dollar-Backed Stablecoins guidance.

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. 

View reports