Paxos
Paxos is a regulated financial institution issuing multiple stablecoins including PayPal USD (PYUSD), USDG, and formerly BUSD. The company holds a New York State trust charter and operates under a level of regulatory oversight unusual for the crypto category.
The stablecoin issuance business has become the most consequential product line — PYUSD alone crossed $2B in circulation within its first 18 months, and USDG (issued in partnership with a global consortium) is targeting institutional flows in Europe and Asia.
The regulated-issuer position is a durable moat that competitors without banking-grade oversight cannot easily replicate.
The regulated stablecoin issuer with the most durable regulatory position in the US. We participated in the Series C.
Charles Cascarilla
CEO & Co-FounderWalter Hessert
Head of StrategyBhau Kotecha
CTOJose Fernandez da Ponte
Head of Stablecoin Strategy- 2012Founded as itBit
- 2015NYS trust charter granted
- Q4 2020Oryon Series C
- Q3 2023PYUSD launched with PayPal
PYUSD passed $2B in circulation. USDG rollout across European and Asian institutions.
“Paxos operates crypto as a regulated financial institution should — quietly and correctly.”
— American Banker, 2023