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.

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.

Jan    Feb    Mar    Apr

 Jun    Jul    Aug    Sep    Oct    Nov    Dec 


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

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

*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.