Paxos Manages the Safe Redemption of $7.9B BUSD in One Month Without Market Disruption

March 17, 2023

This achievement is a testament to Paxos’s strong risk management program and commitment to safeguarding customer assets. Paxos has upheld its promise to customers by always safeguarding assets in a regulated trust, even through periods of extreme market volatility. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.

The source of this news is from Paxos