Paxos
@Paxos
Blockchain infrastructure for enterprises. Regulated by the OCC in the US, FIN-FSA in the EU, and MAS in Singapore. For support, visit
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Earlier today, public reports indicated that Binance was impacted by a security incident. Blockchain analysis showed that PAXG tokens held on the Binance platform were moved to the suspected attacker’s address.
After confirming the reports with its own blockchain investigation, Paxos froze 1,906.67 PAXG tokens in wallet: 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c
Paxos systems have not been impacted by this incident. Reserves for PAXG, PYUSD and USDG remain fully intact and redemptions continue to operate normally.
This is a rapidly evolving situation. We will provide updates as appropriate as details come to light. As always, Paxos will work closely with law enforcement and regulators.
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What makes PAXG different from other tokenized gold products?
❏ Regulation: issued by an OCC-regulated national trust bank, with gold held bankruptcy-remote
❏ Track record: live since 2019, attested every month
❏ Transparency: look up the serial number and vault of the exact bar behind your tokens
❏ Scale: $1.8B+ market cap, listed on the largest exchanges
@whessert, Head of Strategy at Paxos, explains:
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Stablecoin economics used to belong to whoever issued the token.
Becoming an issuer means a regulatory oversight, reserves held and attested every month, liquidity on every exchange and chain your users want, and much more behind the scenes.
@global_dollar Network partners don't need to issue their own stablecoins.
They use USDG, issued by Paxos and regulated in Singapore and the EU, and receive economic rewards for driving adoption of USDG.
@PAXOS_G, GDN Growth Lead at Paxos, on why companies join:
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Stablecoin economics used to belong to whoever issued the token.
Becoming an issuer means a regulatory oversight, reserves held and attested every month, liquidity on every exchange and chain your users want, and much more behind the scenes.
@global_dollar Network partners don't need to issue their own stablecoins.
They use USDG, issued by Paxos and regulated in Singapore and the EU, and receive economic rewards for driving adoption of USDG.
@PAXOS_G, GDN Growth Lead at Paxos, on why companies join:
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Five things banks need to know about stablecoins.
Growing USDG on Arbitrum
Five things banks need to know about stablecoins.
The first thing many mid-market banks put onchain is their own deposits. The infrastructure they choose for it becomes the foundation for everything they tokenize next.
Becky Carvatt, Partner, Banking and Capital Markets at EY, on what banks ask for once their strategy is set:
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What is Paxos Crypto Brokerage?
It’s behind crypto trading at PayPal, Schwab, Interactive Brokers, and other major platforms.
Each one offers crypto under its own brand, and relies on Paxos to run the digital asset infrastructure behind it.
Asset Tarabayev, Head of Brokerage at Paxos, on how it works:
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It’s a big day for Schwab Crypto.
We’re proud to support @CharlesSchwab as they expand client access to digital assets.
Schwab Crypto™ accounts are now available to all eligible retail clients.
Clients can directly buy and sell popular cryptocurrencies, including Bitcoin and Ethereum, alongside their brokerage account investments. Learn more:
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NEW: The Stablecoin Growth Program on Arbitrum
Teams building with USDG their primary stablecoin can apply for performance-based incentives and a chance at a 2M ARB prize pool.
Introducing the Arbitrum Stablecoin Growth Program.
Apps with $1M in stablecoin balances that make $USDG their primary stablecoin on Arbitrum can apply for the Arbitrum Stablecoin Growth Program that includes:
> Performance-based incentives
> Ecosystem support and perks
> 2M ARB prize pool for the first 10 teams to hit $10M of $USDG TVL
Apply today and learn more below. 👇🧵
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As stablecoin infrastructure matures, enterprises face a choice:
❏ Use a large stablecoin where the issuer keeps the economics
❏ Partner with an issuer on their own branded stablecoin
❏ Join a network with open governance and open economics
@whessert, Head of Strategy at @Paxos, on how enterprises are weighing each path:
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As stablecoin infrastructure matures, enterprises face a choice:
❏ Use a large stablecoin where the issuer keeps the economics
❏ Partner with an issuer on their own branded stablecoin
❏ Join a network with open governance and open economics
@whessert, Head of Strategy at @Paxos, on how enterprises are weighing each path:
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“Replatform the financial system” sounds abstract.
In practice it means putting the basics on new rails: where money is held, how it’s issued, and how it moves between institutions.
Paxos CEO @chadcascarilla on what we’re building:
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$100K in USDG incentives are set to be distributed in the PAXG market on @kamino, in collaboration with @SteakhouseFi.
Users can borrow USDG against PAXG to earn a share over the next three months.
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New incentives are live on the @kamino PAXG Market:
❏ $100K in USDG rewards
❏ Distributed over 3 months
❏ Earned by borrowing USDG against PAXG
OCC-regulated gold as collateral.
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New incentives are live in the PAXG Market.
$100,000 in USDG borrow rewards will be distributed over the next 3 months, in collaboration with @SteakhouseFi and @global_dollar.
Borrow USDG against PAXG to earn boosted rewards and access gold-backed credit on Kamino.
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PYUSD, the OCC-regulated stablecoin issued by Paxos, is now available on @Stable.
Every transaction settles with sub-second finality and low fees, with the reliability to scale from everyday payments to institutional volume.
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PayPal USD is now live on Stable.
Issued by @Paxos with cross-chain interoperability powered by @LayerZero_Core, @PayPal PYUSD is now available on Stable for faster payments and settlement onchain.
Expanding access to PYUSD across payments and settlement on Stable.
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With the addition of @arbitrum, USDG is now live on 7 blockchains.
Paxos Crypto Brokerage now supports $XRP.
In circulation since 2012, XRP is now held across 8.1M+ wallets, and carries a market cap of nearly $95B.
Partners can now offer XRP through the same regulated platform trusted by some of the biggest names in finance.
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