Paxos Trust Company, LLC is a New York limited purpose trust company supervised by NYDFS. Paxos issued Binance USD under the Binance brand until NYDFS directed Paxos to cease minting new BUSD in February 2023.
| Product | Backing | Status | Market cap |
|---|---|---|---|
| BUSDBinance USD | Fiat Backed | Active | $34M |
| Legal name | Paxos Trust Company, LLC |
| Founded | 2012 |
| Stage | Private |
| CEO | Charles Cascarilla |
| Founders | Charles Cascarilla |
| Regulatory status | Jurisdiction New York, United States · License type Limited purpose trust company charter · Status chartered and supervised · Issued 2015 |
| Website | https://www.paxos.com/ |
Paxos Trust Company, LLC is a New York limited purpose trust company supervised by NYDFS. Paxos issued Binance USD under the Binance brand until NYDFS directed Paxos to cease minting new BUSD in February 2023.
Stablecoins issued by this entity: BUSD.