# Paxos

> Paxos supplies regulated blockchain infrastructure to enterprises: stablecoin issuance, crypto brokerage, custody, wallets and securities settlement. It issues PayPal USD, Global Dollar and Pax Gold, letting financial brands add digital assets without building every operating layer themselves.

- **Founded:** 2012
- **Headquarters:** New York, United States
- **Founders:** Charles Cascarilla (CEO and co-founder), Rich Teo (Co-founder), Emil Woods (Co-founder)
- **Products:** Stablecoin Issuance, PayPal USD (PYUSD), Global Dollar (USDG) and Global Dollar Network, Pax Dollar (USDP), Pax Gold (PAXG)
- **Notable:** New York limited-purpose trust charter obtained in 2015., More than US$500 million raised, according to company disclosures., National trust charter conversion completed December 12, 2025, according to Paxos.

## Products & services

- **Stablecoin Issuance** — White-label and partner issuance, segregated reserves, attestations and redemption infrastructure for enterprise token programs.
- **PayPal USD (PYUSD)** — Dollar-backed stablecoin issued by Paxos for PayPal.
- **Global Dollar (USDG) and Global Dollar Network** — Dollar stablecoin and distribution network that shares reserve economics with participating businesses; Singapore and European issuing entities operate under their respective oversight.
- **Pax Dollar (USDP)** — Dollar-backed stablecoin launched as Paxos Standard in 2018 and renamed USDP in 2021.
- **Pax Gold (PAXG)** — Token representing one fine troy ounce of allocated gold in London vaults; eligible on-chain holders can look up bar details.
- **Crypto Brokerage** — APIs and operating infrastructure for branded crypto trading, execution, custody and settlement.
- **Custody & Wallets** — Institutional custody and wallet infrastructure, expanded through the Fordefi acquisition and its MPC technology.
- **Paxos Securities Settlement Company** — Subsidiary providing blockchain-based securities clearing and settlement; received SEC clearing-agency registration in May 2026, described as conditional on the regulatory record page.
- **Stablecoin Payments** — Infrastructure for businesses moving and converting stablecoin payments across supported networks and payment rails.
- **Lift Dollar (USDL) - discontinued** — Yield-bearing stablecoin; wind-down announced October 8, 2025, with USDG prioritized. Not a current launch recommendation.

## Achievements

- New York limited-purpose trust charter obtained in 2015.
- More than US$500 million raised, according to company disclosures.
- National trust charter conversion completed December 12, 2025, according to Paxos.
- PSSC received SEC clearing-agency registration in May 2026, subject to conditions.
- Completed acquisition of Finland-licensed Membrane Finance in February 2025.

## Latest updates

- **2026-10** — Published a comparison of in-house, multi-vendor and full-stack approaches for banks and fintechs adding digital assets.
- **2026-08** — Explained its completed national trust conversion and continuing OCC supervision.
- **2026-05** — Announced PSSC’s SEC clearing-agency registration.
- **2026-04** — Shared Charles Schwab’s spot crypto trading launch announcement.
- **2026-03** — Joined Solana Developer Platform as an infrastructure partner.

## Links

- Website: https://www.paxos.com/
- LinkedIn: https://www.linkedin.com/company/paxos/
- Twitter/X: https://x.com/Paxos
- GitHub: https://github.com/paxosglobal
- Facebook: https://www.facebook.com/PaxosGlobal

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Profile page: https://yespress.io/paxos
Published by YesPress — https://yespress.io
Last updated: 2026-10-25