Organization record
Record sog_issuer_paxos
Paxos
Paxos issues stablecoins including USDP and PYUSD and previously issued BUSD under the Binance brand.
- Category
- Company or corporate group
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- United States
Scope: Country or territory - Connected assets
- 4
- Relationships
- 4 current
0 historical - Evidence
- 14 source records
Reviewed identity
Organization summary
The primary category, regulatory character, jurisdiction, asset count, relationship count, and Evidence count are already shown above.Paxos issues stablecoins including USDP and PYUSD and previously issued BUSD under the Binance brand.
- Legal form
- Not recorded in canonical data
- Functional roles
- Legal issuer
- Official website
- https://paxos.com/
- Record confidence
- Medium
- Last reviewed
- 2026-06-02
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Role | Period | State | Lifecycle |
|---|---|---|---|---|
| Binance USDPrimary display | Legal issuer | 2019-09-05 – Not yet recorded | Active relationship | Winding Down |
| Pax DollarPrimary display | Legal issuer | 2018-09-10 – Not yet recorded | Active relationship | Active |
| Pax GoldPrimary display | Legal issuer | 2019-09-05 – Not yet recorded | Active relationship | Active |
| PayPal USDPrimary display | Legal issuer | 2023-08-07 – Not yet recorded | Active relationship | Active |
Binance USD
PrimaryLegal issuer
2019-09-05 – Present / not recordedPax Dollar
PrimaryLegal issuer
2018-09-10 – Present / not recordedPax Gold
PrimaryLegal issuer
2019-09-05 – Present / not recordedPayPal USD
PrimaryLegal issuer
2023-08-07 – Present / not recordedMaterial history
Events
The five latest typed events are shown first. Control actions remain linked to evidence.| Date | Event | Type | Effect |
|---|---|---|---|
| 2024-05-29 | PYUSD expands to Solana | Chain ExpansionAdoption and expansion | No lifecycle change |
| 2023-08-31 | Binance begins phasing out BUSD support | Exchange PhaseoutWind-down and termination | Historical context only |
| 2023-08-07 | PayPal launches PYUSD | LaunchLaunch and introduction | No lifecycle change |
| 2023-02-13 | Paxos announces BUSD minting halt and wind-down | Wind Down AnnouncedWind-down and termination | Entered wind-down |
| 2019-09-05 | Paxos launches PAX Gold | LaunchLaunch and introduction | Remained active |
PYUSD expands to Solana
Chain Expansion
No lifecycle changeBinance begins phasing out BUSD support
Exchange Phaseout
Historical context onlyPayPal launches PYUSD
Launch
No lifecycle changePaxos announces BUSD minting halt and wind-down
Wind Down Announced
Entered wind-downPaxos launches PAX Gold
Launch
Remained activeShow 1 earlier event
- Pax Dollar launch contextNo lifecycle change
Provenance
Evidence
The first ten source records are shown initially. Source identity, publication date, reliability, and archive state remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Paxos to end relationship with Binance for BUSD Published 2023-02-13 | Paxos | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Discontinued Status | No archive recorded | High |
| Paxos BUSD issuer context Published Not yet recorded | Paxos | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Redemption Wind Down | No archive recorded | Medium |
| Binance BUSD support phase-out notice Published 2023-08-31 | Binance | Official statement or announcement Canonical: Exchange Notice | Subject-controlled source | Primary source | Exchange Support Phaseout, Exchange adoption | No archive recorded | Medium |
| SEC ends Paxos BUSD investigation, report Published 2024-07-11 | Reuters | Independent news or analysis Canonical: News Analysis | Independent third-party source | Secondary source | Regulatory Followup | No archive recorded | Medium |
| PayPal USD official product page Published Not yet recorded | PayPal | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Redemption, PYUSD overview, PayPal app availability, redemption or conversion framing, and product context, Pyusd Product and Launch Context, Pyusd Chain Expansion Context | Direct archived snapshot | Medium |
| Paxos PayPal USD official reference Published Not yet recorded | Paxos | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Reserve | No archive recorded | Medium |
| Paxos Will Halt Minting New BUSD Tokens Published 2023-02-13 | Paxos | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | issuer role, minting halt, reserve segregation, bankruptcy remoteness, and redemption wind-down | No archive recorded | High |
Official statement or announcement
HighPaxos to end relationship with Binance for BUSD
- Publisher
- Paxos
- Published
- 2023-02-13
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Discontinued Status
- Archive
- No archive recorded
- Reliability
- High
Official statement or announcement
MediumPaxos BUSD issuer context
- Publisher
- Paxos
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Entity Redemption Wind Down
- Archive
- No archive recorded
- Reliability
- Medium
Official statement or announcement
MediumBinance BUSD support phase-out notice
- Publisher
- Binance
- Published
- 2023-08-31
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Exchange Support Phaseout, Exchange adoption
- Archive
- No archive recorded
- Reliability
- Medium
Independent news or analysis
MediumSEC ends Paxos BUSD investigation, report
- Publisher
- Reuters
- Published
- 2024-07-11
- Provenance
- Independent third-party source
- Primary or secondary
- Secondary source
- Supported claims
- Regulatory Followup
- Archive
- No archive recorded
- Reliability
- Medium
Official statement or announcement
MediumPayPal USD official product page
- Publisher
- PayPal
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Entity Redemption, PYUSD overview, PayPal app availability, redemption or conversion framing, and product context, Pyusd Product and Launch Context, Pyusd Chain Expansion Context
- Archive
- Direct archived snapshot
- Reliability
- Medium
Official statement or announcement
MediumPaxos PayPal USD official reference
- Publisher
- Paxos
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Entity Reserve
- Archive
- No archive recorded
- Reliability
- Medium
Official statement or announcement
HighPaxos Will Halt Minting New BUSD Tokens
- Publisher
- Paxos
- Published
- 2023-02-13
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- issuer role, minting halt, reserve segregation, bankruptcy remoteness, and redemption wind-down
- Archive
- No archive recorded
- Reliability
- High
Show 8 additional source records
| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| PayPal USD official product page Published Not yet recorded | PayPal | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Entity Redemption, PYUSD overview, PayPal app availability, redemption or conversion framing, and product context, Pyusd Product and Launch Context, Pyusd Chain Expansion Context | Direct archived snapshot | Medium |
| Paxos Launches PAX Gold Published 2019-09-05 | Paxos | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Paxg Launch Issuer and One Ounce Gold Design | Direct archived snapshot | High |
| PAX Gold Whitepaper Published 2019-09-05 | Paxos | Technical documentation or repository Canonical: Whitepaper | Subject-controlled source | Primary source | Paxg Token Contract Gold Ownership and Redemption Design | No archive recorded | High |
| PAX Gold transparency reports Published Not yet recorded | Paxos | Reserve, assurance, or financial report Canonical: Reserve Report Index | Assurance or financial-report source | Primary source | Paxg Monthly Attestation Archive | No archive recorded | High |
| PAXG allocation and physical gold bar details Published Not yet recorded | Paxos | Official documentation or product page Canonical: Issuer Support | Subject-controlled source | Primary source | Paxg Bar Allocation and Fractional Ownership | No archive recorded | High |
| How to buy, sell, or redeem PAX Gold Published Not yet recorded | Paxos | Official documentation or product page Canonical: Issuer Support | Subject-controlled source | Primary source | Paxg USD Unallocated and Physical Redemption Paths | No archive recorded | High |
| PAX Gold price determination Published Not yet recorded | Paxos | Official documentation or product page Canonical: Issuer Support | Subject-controlled source | Primary source | Paxg London Gold Market Price Source | No archive recorded | High |
Official statement or announcement
MediumPayPal USD official product page
- Publisher
- PayPal
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Entity Redemption, PYUSD overview, PayPal app availability, redemption or conversion framing, and product context, Pyusd Product and Launch Context, Pyusd Chain Expansion Context
- Archive
- Direct archived snapshot
- Reliability
- Medium
Official statement or announcement
HighPaxos Launches PAX Gold
- Publisher
- Paxos
- Published
- 2019-09-05
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Paxg Launch Issuer and One Ounce Gold Design
- Archive
- Direct archived snapshot
- Reliability
- High
Technical documentation or repository
HighPAX Gold Whitepaper
- Publisher
- Paxos
- Published
- 2019-09-05
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Paxg Token Contract Gold Ownership and Redemption Design
- Archive
- No archive recorded
- Reliability
- High
Reserve, assurance, or financial report
HighPAX Gold transparency reports
- Publisher
- Paxos
- Published
- Not yet recorded
- Provenance
- Assurance or financial-report source
- Primary or secondary
- Primary source
- Supported claims
- Paxg Monthly Attestation Archive
- Archive
- No archive recorded
- Reliability
- High
Official documentation or product page
HighPAXG allocation and physical gold bar details
- Publisher
- Paxos
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Paxg Bar Allocation and Fractional Ownership
- Archive
- No archive recorded
- Reliability
- High
Official documentation or product page
HighHow to buy, sell, or redeem PAX Gold
- Publisher
- Paxos
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Paxg USD Unallocated and Physical Redemption Paths
- Archive
- No archive recorded
- Reliability
- High
Official documentation or product page
HighPAX Gold price determination
- Publisher
- Paxos
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Paxg London Gold Market Price Source
- Archive
- No archive recorded
- Reliability
- High
UncertaintyKnown unknowns10
Redemption Deadline
Final BUSD redemption window, customer-specific Paxos redemption/conversion eligibility, and post-wind-down handling need exact source-backed review before SOG displays final availability as fact.
Medium · last checked 2026-06-04PR-024B added current Paxos redemption/conversion context but keeps final customer-specific terms as source-review needed.
Exchange Phaseout Scope
Exchange support phase-out, automatic conversion programs, and remaining market support vary by platform and should not be confused with issuer redemption.
Medium · last checked 2026-06-04PR-024B keeps Binance support phase-out context separate from Paxos issuer wind-down and redemption/conversion terms.
Regulatory Followup
NYDFS/SEC-related BUSD follow-up needs source-specific separation between official notices, company statements, and later news reports.
Medium · last checked 2026-06-04Reuters 2024 SEC investigation outcome is included as news context only unless official source is added later.
Deployment and Report History
PYUSD chain-specific deployment status, monthly reserve report history, and PayPal/Paxos responsibility split need deeper source-backed review.
Medium · last checked 2026-06-02Keep visible until exact Paxos report history and deployment documentation are reviewed.
Reserve Report History
USDP reserve report archive entries need period-level report rows before SOG displays a historical reserve timeline.
Medium · last checked 2026-06-05PR-028C added Paxos transparency entry point but not exact monthly report rows.
Redemption Terms
USDP direct redemption eligibility, customer onboarding, jurisdiction, minimum amounts, and current Paxos terms need source-specific extraction before final redemption availability is displayed.
Medium · last checked 2026-06-05Keep Paxos issuer redemption separate from exchange liquidity and secondary-market trading.
Solana Deployment Status
USDP Solana token status, issuer support level, and exact lifecycle context should be reviewed against Paxos sources and explorer data before being treated as final chain coverage.
Medium · last checked 2026-06-05PR-028C added Solscan reference because Paxos links to a Solana token page.
Paypal Paxos Roles
PYUSD PayPal app access, Paxos issuer role, reserve reports, and chain-specific support should be kept as separate source-backed layers.
Medium · last checked 2026-06-07PR-033 known unknown.
Physical Redemption Terms
Current customer-specific bar, unallocated-gold, delivery, fee, and quantity requirements must be checked at redemption time.
Medium · last checked 2026-06-14General guidance does not establish individual eligibility.
Additional Deployments
Paxos identifies Solana support, but the canonical token identifier and lifecycle status are not yet normalized.
Medium · last checked 2026-06-14Do not infer identifiers from third-party lists.
Maintenance