Paxos

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.

Regulated blockchain infrastructure company that issues USDP, PAX Gold, and powers white-label stablecoins including PayPal's PYUSD. Powers PYUSD for PayPal. Issued over $180B in total tokenization. NYDFS-regulated trust company. Filed for IPO in 2024.

Paxos is the regulated infrastructure layer behind multiple enterprise stablecoins—its white-label model makes it the AWS of compliant stablecoin issuance.

paxos.com Stablecoin Issuers

United Statesprivate

At a glance

Total raised

$535.3M

last round series d

Headcount

null

approximate · public range

Headquarters

New York

United States

Founded

2012

14 years active

Status

Private

Stablecoin Issuers

Latest valuation

Funding history

Total raised

$535.3M

Rounds tracked

Latest stage

Series D

Latest valuation

$2.4B

Date	Stage	Amount	Valuation	Lead investors
Apr 29, 2021	Series D	$300M	$2.4B	Oak HC/FT
Dec 17, 2020	Series C	$142M	—

Paxos

At a glance

Funding history

In the news

Collateral, not yield, will decide which stablecoins win

Open USD Just Turned the Stablecoin Race Into an Ecosystem Contest

U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch

Stablecoin infrastructure firm Trace Finance raises $32 million Series A, says valuation grew 10x from seed

Dogecoin gains access to Paxos network used by PayPal and Venmo

Paxos gets green light to settle securities on blockchain

Watch

Leadership

Products

Pax Dollar (USDP)

Pax Gold (PAXG)

PayPal USD (PYUSD)

Open roles

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