Pax Dollar
USDPStablecoin · Built in New York, NY · Paxos Trust Company, National Association
$0.9977
0.23% up24h
Price
Why it’s on the board
Pathway: US issuer. Needs Tests 1 and 4, plus 2 or 3.
USCC Verified
on primary documents, through 2027-03-16
Test 1 · passes on primary documents
Headquartered in the United States
Paxos Trust Company, National Association is headquartered in New York, NY.
1 source· 1 primary
- Regulatorocc.gov/topics/charters-and-licensing/interpretations-and-dec…2026-09-14
Test 4 · passes on primary documents
Registered in a US state
Paxos Trust Company, National Association is registered in NY.
2 sources· 2 primary
- Legal termspaxos.com/terms-and-conditions/general-terms-and-conditions2026-09-14
- Regulatorocc.gov/topics/charters-and-licensing/interpretations-and-dec…2026-09-14
Test 2 · not met
American founding team
0 of 1 named founders are established US persons holding operational roles today; a majority is required.
Test 3 · passes on primary documents
Primary operations in the United States
Paxos converted its NYDFS trust charter to an OCC national trust bank charter (OCC Conditional Approval No. 1358, December 12, 2025) and issues USDP under OCC supervision.
1 source· 1 primary
- Regulatorocc.gov/topics/charters-and-licensing/interpretations-and-dec…2026-09-14
Legal entities
Paxos Trust Company, National Association
New York · token issuer · New York, NY
4 sources· 3 primary
- Projectpaxos.com/usdp2026-09-14
- Legal termspaxos.com/terms-and-conditions/general-terms-and-conditions2026-09-14
- Regulatorocc.gov/topics/charters-and-licensing/interpretations-and-dec…2026-09-14
- Regulatorocc.gov/topics/charters-and-licensing/interpretations-and-dec…2026-09-14
Founders
Charles Cascarilla
CEO and co-founder · US status not established · operating role today
1 source· 1 primary
- Regulatordfs.ny.gov/about/press/pr1809101.htm2026-09-14
Regulatory posture
OCC
OCC conditionally approved Paxos Trust Company's conversion from a New York state trust company to a national trust bank on December 12, 2025.
1 source· 1 primary
- Regulatorocc.gov/topics/charters-and-licensing/interpretations-and-dec…2026-09-14
NYDFS
NYDFS authorized Paxos Trust Company LLC to offer the Paxos Standard stablecoin (now USDP) on September 10, 2018.
1 source· 1 primary
- Regulatordfs.ny.gov/about/press/pr1809101.htm2026-09-14
Record history
2026-09-14 · listed
Listed after the 2026-09-14 coverage review: issued by Paxos Trust Company, N.A., an OCC-chartered trust bank with its main office in New York, NY.