Paxos is a Stablecoin Issuers company founded in 2012 and based in New York, United States. It has raised $535.3M in total funding, most recently a Series D in 2021 at a $2.4B valuation.
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
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A regulated U.S. dollar-backed stablecoin issued by Paxos Trust Company under oversight by the OCC. USDP maintains a 1:1 peg to the USD with reserves held 100% in cash and cash equivalents in segregated, bankruptcy-remote accounts. Built for enterprises and financial institutions, it enables instant, low-cost payments and settlements on the blockchain while meeting the highest regulatory standards including the forthcoming GENIUS stablecoin framework.
A tokenized gold asset where each PAXG token represents one fine troy ounce of a London Good Delivery gold bar held in custody by Paxos Trust Company. PAXG offers a lower cost structure than traditional gold ETFs and LBMA bars, with zero storage fees and a low minimum purchase amount. It lets investors hold physical gold on the blockchain with monthly attestation reports published for transparency.
A white-label stablecoin issued by Paxos Trust Company on behalf of PayPal. PYUSD is a U.S. dollar-denominated, readily redeemable stablecoin designed for payments and commerce within the PayPal ecosystem. Built on Paxos' regulated infrastructure, it uses the same 100% reserve model and bankruptcy-remote custody as USDP, with monthly public attestations of its reserve assets.
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