Paxos has officially submitted an application for a National Bank Trust Charter, positioning itself alongside other prominent stablecoin issuers such as Circle and Ripple in the rapidly evolving cryptocurrency landscape. This move reflects Paxos' commitment to enhancing its regulatory compliance and operational capabilities in order to better serve its customers and compete in the digital asset market. By seeking this charter, Paxos aims to solidify its status as a key player in the financial technology sector while contributing to the establishment of a more stable and secure environment for the issuance and management of stablecoins.
source: https://www.coindesk.com/policy/2025/08/11/paxos-applies-for-national-bank-trust-charter-joining-stablecoin-issuers-circle-ripple