Paxos is a regulated blockchain infrastructure company founded in 2012 and headquartered in New York. It provides institutional-grade cryptocurrency custody, real-time settlement, and stablecoin issuance services. Paxos issues Pax Dollar (USDP) and powers PayPal USD (PYUSD), operating under a New York Department of Financial Services (NYDFS) charter. Its settlement network enables financial institutions to move assets faster and more efficiently than legacy systems.
Last updated: July 13, 2026
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