PayPal USD (PYUSD) Transparency Reports

Transparency Reports

Issued by Paxos Trust Company, PayPal USD (PYUSD) is PayPal’s stablecoin designed for payments.

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.

Aug

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).

First report scheduled to be published in September 2023

*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