Paxos Trust Company Overview
Pro stress-test →Paxos Trust Company is a New York-chartered trust company that issues regulated stablecoins (USDP, PYUSD, USDG) and tokenized gold (PAXG), and operates clearing and settlement infrastructure for institutional partners. As a blockchain infrastructure platform based in New York, Paxos offers regulated solutions in stablecoin issuance, custody, settlement and brokerage services for cryptocurrency, providing institutions with the ability to convert assets into digital forms that can be moved instantly while maintaining regulatory compliance on a global scale.
Strategic Profile
Pro stress-test →Founded in 2012 and supervised by NYDFS since 2015, Paxos sits in the issuer layer of the stablecoin stack, with reserves attested monthly and bankruptcy-remote customer balances held under trust law. In December 2025, Paxos received approval to convert its New York Department of Financial Services limited purpose trust charter to a national trust charter overseen by the U.S. Office of the Comptroller of the Currency. The broader stablecoin market has scaled to roughly $315 billion in stablecoin supply as of Q2 2026, with USDT and USDC holding the dominant share and a long tail of regulated issuers, including Paxos, occupying the institutional end of the spectrum.
Competitive Landscape
Pro stress-test →The stablecoin market is dominated by USDT and USDC, with Paxos operating in a long tail of regulated issuers occupying the institutional end of the spectrum. Paxos competes on regulatory compliance, custody infrastructure, and institutional partnerships rather than trading volume. Direct competitors include other regulated stablecoin issuers (Circle, Ripple), digital asset custodians (Fidelity Digital Assets, Coinbase Custody), and blockchain settlement platforms.
Industry Context
Paxos Trust Company operates in Stablecoin issuance and blockchain settlement infrastructure.
Key facts
Founded: 2012 · Headquarters: New York, US