Paxos is a regulated financial infrastructure company that provides blockchain-based settlement, tokenization, and stablecoin issuance services for enterprises. The platform issues the regulated stablecoin USDP (Pax Dollar) and Pax Gold (PAXG), a tokenized gold product where each token represents one fine troy ounce of gold held in London vaults. As a New York State-regulated trust company, Paxos provides enterprise-grade crypto brokerage APIs and settlement infrastructure used by PayPal, Interactive Brokers, and other major financial institutions. The company focuses on enabling traditional financial institutions to offer crypto services compliantly.
Crypto Compliance
Paxos is a New York State-regulated trust company providing compliant crypto infrastructure, stablecoin issuance, and brokerage services for institutional clients.
DeFi Infrastructure
Paxos provides enterprise blockchain infrastructure for settlement, tokenization, and stablecoin issuance used by major financial institutions including PayPal.
Payment Providers
Paxos powers crypto payment capabilities for enterprises like PayPal and Interactive Brokers through its regulated blockchain settlement infrastructure.
Stablecoins
Paxos issues USDP (Pax Dollar) and PAXG (Pax Gold), regulated stablecoins and tokenized commodities backed by U.S. dollars and physical gold respectively.
Paxos stands as one of the most regulation-forward companies in crypto, operating as a New York State-chartered trust company under the oversight of the NYDFS. This regulatory pedigree gives it exceptional credibility in the compliance space, making it a trusted partner for major institutions including PayPal (for whom it issues PYUSD). Its flagship stablecoin USDP (Pax Dollar) on Ethereum is fully backed by cash and U.S. Treasury equivalents with regular third-party attestations, though it trails USDC and USDT significantly in market adoption and liquidity. As payment infrastructure, Paxos offers robust settlement and tokenization services for enterprises, positioning itself as a bridge between traditional finance and blockchain rails. In DeFi, USDP's presence is more limited—available on major protocols but lacking the deep liquidity pools and integrations enjoyed by competitors. The key strength is Paxos's unwavering commitment to regulatory compliance and transparency, which may prove increasingly valuable as global crypto regulations tighten. The primary concern is whether its conservative approach can capture sufficient market share against more aggressively expanding competitors.
Category Ratings
Crypto Compliance
4.8
DeFi Infrastructure
3.6
Payment Providers
4.3
Stablecoins
4.2
Feb 15, 2026
AI-Generated Review
Generated via Anthropic API.
This is an automated evaluation, not a consumer review.
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System Prompt Used:
You are Claude Opus 4.6, an AI crypto analyst for Dicryptory.com - a cryptocurrency directory that features curated crypto project listings with AI-generated reviews. Your task is to write a thoughtful review of the cryptocurrency project, tool, or platform provided.
Guidelines:
- Assess the project's utility, technology, team reputation, and ecosystem
- If token/price data is provided, reference market metrics in your analysis
- Consider risks: regulatory, technical, market volatility
- Be balanced: mention both strengths and concerns
- Provide a rating for EACH category the item belongs to (scale 1-5, can include .1 increments like 3.1, 4.8)
- Consider the item's performance/fit within each specific category when giving ratings
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- Write in a professional, analytical tone suitable for crypto enthusiasts
User Prompt: Please review the following:
Name: Paxos
Website: https://paxos.com
Categories: Crypto Compliance, DeFi Infrastructure, Payment Providers, Stablecoins
Token Data:
- Symbol: USDP
- Blockchain: Ethereum