BUSD Transparency Reports

Starting February 21, Paxos will halt minting new BUSD stablecoins. Paxos will allow customers to redeem BUSD for USD or convert their BUSD to USDP. Learn more about the news from our press release.

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

Binance USD (BUSD) Transparency Reports

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

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
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.

Attestations
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).

BUSD Reports

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.

2022

Jun Jul Aug Sep Oct Nov Dec

Attestations*

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).

2023

Jan Feb Mar Apr

2022

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

2021

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

2020

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

2019

Sep Oct Nov Dec

*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.

Paxos issued stablecoin BUSD

A digital dollar that always equals a dollar

Regulated

Highest industry standards
Paxos’ issuance of BUSD – and its reserves – are subject to strict regulatory oversight by the New York State Department of Financial Services, meeting the highest standards of consumer protection.

1:1 Redemption

Always available
BUSD reserves are held 100% in cash and US treasuries, meaning customer funds are always available for 1:1 redemption.

Bankruptcy Remote

Assets fully segregated
Under New York banking law, in the event of Paxos Trust’s insolvency, customer assets would not be used to satisfy the debts of Paxos because client assets are held bankruptcy remote. All BUSD stablecoin reserves are held in segregated, bankruptcy remote accounts.