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 StatesCountry or territory
- Connected assets
- 4
- Relationships
- 4 current0 historical
- Evidence
- 14 source records
Identity and taxonomy
Overview
Public classification, legal-form state, jurisdiction, roles, confidence, and review state remain explicit.| Organization category | Company or corporate group |
|---|---|
| Canonical organization type | Company |
| Legal form | Not recorded in canonical data |
| Legal-form state | Not Recorded |
| Regulatory character | Not recorded in canonical data |
| Jurisdiction | United States |
| Jurisdiction scope | Country or territory |
| Functional roles | Legal issuer |
| Relationship states | Active relationship |
| Primary display relationships | 4 |
| Official website | https://paxos.com/ |
| Record confidence | Medium |
| Last reviewed | 2026-06-02 |
- Category
- Company or corporate group
- Regulatory character
- Not recorded in canonical data
- Jurisdiction
- United States
- Jurisdiction scope
- Country or territory
- Functional roles
- Legal issuer
- Record confidence
- Medium
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Symbol | Functional role | Display | From | Until | State | Lifecycle |
|---|---|---|---|---|---|---|---|
| Binance USD | BUSD | Legal issuer | Primary display | 2019-09-05 | Not yet recorded | Active relationship | Winding Down |
| Pax Dollar | USDP | Legal issuer | Primary display | 2018-09-10 | Not yet recorded | Active relationship | Active |
| Pax Gold | PAXG | Legal issuer | Primary display | 2019-09-05 | Not yet recorded | Active relationship | Active |
| PayPal USD | PYUSD | Legal issuer | Primary display | 2023-08-07 | Not yet recorded | Active relationship | Active |
Binance USD
Primary display- Role
- Legal issuer
- State
- Active relationship
- From
- 2019-09-05
- Until
- Not recorded
Pax Dollar
Primary display- Role
- Legal issuer
- State
- Active relationship
- From
- 2018-09-10
- Until
- Not recorded
Pax Gold
Primary display- Role
- Legal issuer
- State
- Active relationship
- From
- 2019-09-05
- Until
- Not recorded
PayPal USD
Primary display- Role
- Legal issuer
- State
- Active relationship
- From
- 2023-08-07
- Until
- Not recorded
Material history
Events
Typed events and organization control actions remain linked to evidence.| Date | Event | Category | Subtype | Status effect |
|---|---|---|---|---|
| 2024-05-29 | PYUSD expands to Solana | Adoption and expansion | Chain Expansion | No lifecycle change |
| 2023-08-31 | Binance begins phasing out BUSD support | Wind-down and termination | Exchange Phaseout | Historical context only |
| 2023-08-07 | PayPal launches PYUSD | Launch and introduction | Launch | No lifecycle change |
| 2023-02-13 | Paxos announces BUSD minting halt and wind-down | Wind-down and termination | Wind Down Announced | Entered wind-down |
| 2019-09-05 | Paxos launches PAX Gold | Launch and introduction | Launch | Remained active |
| 2018-09-10 | Pax Dollar launch context | Launch and introduction | Launch | No lifecycle change |
PYUSD expands to Solana
Adoption and expansion · Chain Expansion
No lifecycle changeBinance begins phasing out BUSD support
Wind-down and termination · Exchange Phaseout
Historical context onlyPayPal launches PYUSD
Launch and introduction · Launch
No lifecycle changePaxos announces BUSD minting halt and wind-down
Wind-down and termination · Wind Down Announced
Entered wind-downPaxos launches PAX Gold
Launch and introduction · Launch
Remained activePax Dollar launch context
Launch and introduction · Launch
No lifecycle changeProvenance
Evidence
Source identity, publication date, reliability, archive state, and relation count 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 | No archive recorded | 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 |
| 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 | No archive recorded | 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 |
Paxos to end relationship with Binance for BUSD
- Publisher
- Paxos
- Published
- 2023-02-13
- Reliability
- High
Paxos BUSD issuer context
- Publisher
- Paxos
- Published
- Not recorded
- Reliability
- Medium
Binance BUSD support phase-out notice
- Publisher
- Binance
- Published
- 2023-08-31
- Reliability
- Medium
SEC ends Paxos BUSD investigation, report
- Publisher
- Reuters
- Published
- 2024-07-11
- Reliability
- Medium
PayPal USD official product page
- Publisher
- PayPal
- Published
- Not recorded
- Reliability
- Medium
Paxos PayPal USD official reference
- Publisher
- Paxos
- Published
- Not recorded
- Reliability
- Medium
Paxos Will Halt Minting New BUSD Tokens
- Publisher
- Paxos
- Published
- 2023-02-13
- Reliability
- High
Paxos Launches PAX Gold
- Publisher
- Paxos
- Published
- 2019-09-05
- Reliability
- High
PAX Gold Whitepaper
- Publisher
- Paxos
- Published
- 2019-09-05
- Reliability
- High
PAX Gold transparency reports
- Publisher
- Paxos
- Published
- Not recorded
- Reliability
- High
PAXG allocation and physical gold bar details
- Publisher
- Paxos
- Published
- Not recorded
- Reliability
- High
How to buy, sell, or redeem PAX Gold
- Publisher
- Paxos
- Published
- Not recorded
- Reliability
- High
PAX Gold price determination
- Publisher
- Paxos
- Published
- Not recorded
- Reliability
- High
US Dollar-Backed Stablecoin Terms and Conditions
- Publisher
- Paxos
- Published
- 2026-06-30
- Reliability
- High
Uncertainty
Known unknowns
Reviewed gaps remain visible instead of being converted into false certainty.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.
- Severity
- Medium
- Last checked
- 2026-06-04
PR-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.
- Severity
- Medium
- Last checked
- 2026-06-04
PR-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.
- Severity
- Medium
- Last checked
- 2026-06-04
Reuters 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.
- Severity
- Medium
- Last checked
- 2026-06-02
Keep 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.
- Severity
- Medium
- Last checked
- 2026-06-05
PR-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.
- Severity
- Medium
- Last checked
- 2026-06-05
Keep 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.
- Severity
- Medium
- Last checked
- 2026-06-05
PR-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.
- Severity
- Medium
- Last checked
- 2026-06-07
PR-033 known unknown.
physical_redemption_terms
Current customer-specific bar, unallocated-gold, delivery, fee, and quantity requirements must be checked at redemption time.
- Severity
- Medium
- Last checked
- 2026-06-14
General guidance does not establish individual eligibility.
additional_deployments
Paxos identifies Solana support, but the canonical token identifier and lifecycle status are not yet normalized.
- Severity
- Medium
- Last checked
- 2026-06-14
Do not infer identifiers from third-party lists.
Maintenance