Paxos Labs
Paxos Labs is a New York-based financial infrastructure company that provides enterprise rails for branded stablecoin issuance, embedded stablecoin yield, and onchain credit via its Amplify Stack (Mint, Earn, Borrow), serving fintechs, DeFi protocols, and enterprises.
- Company typePrivate
- Founded2025
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Paxos Labs does
Paxos Labs is a New York-based financial infrastructure company, incubated and spun out of Paxos in June 2025, that provides enterprise-grade rails for branded stablecoin issuance, embedded stablecoin yield, and onchain credit markets. Its core product is the Amplify Stack, a single-integration platform exposing three modular SDK/API components — Mint (programmatic issuance and reserve management of 1:1 backed branded stablecoins), Earn (vaults delivering Treasury, Core, Frontier, and Compliant Core yield programs on USDC, USDT, USDG, and PYUSD), and Borrow (configurable collateralized credit markets with KYC and continuous counterparty screening) — together with Smart Deposit Routing and HMAC-SHA256 signed webhooks for event lifecycle. Beyond Amplify, the company operates two standalone stablecoin products: USDG0, an omnichain extension of USDG built on LayerZero's OFT standard and live across Hyperliquid, Plume, Aptos, Ethereum, Solana, Ink, and X Layer, and USAD, a zero-knowledge privacy-preserving dollar stablecoin on Aleo mainnet backed by USDG reserves. Paxos Labs monetizes through programmatic revenue sharing on underlying yield, borrowing spreads, and stablecoin issuance economics, supplemented by quote-based enterprise pricing for SDK/API access; customers include Hyperbeat, Aleo Network Foundation, Toku, and HypurrFi, with distribution accelerated by parent Paxos's $180 billion-plus tokenization history and multi-jurisdiction licensing (NYDFS, in-process OCC, MiCA, MAS, FSRA). The company closed a $12 million seed round in April 2026 led by Blockchain Capital, with management guiding to break even by year-end 2026.
Paxos Labs firmographics
Firmographics- Name
- Paxos Labs
- Legal name
- Paxos Labs Inc.
- Website
- https://paxoslabs.com
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Paxos Labs is a New York-based financial infrastructure company that provides enterprise rails for branded stablecoin issuance, embedded stablecoin yield, and onchain credit via its Amplify Stack (Mint, Earn, Borrow), serving fintechs, DeFi protocols, and enterprises.
- Ownership category
- akta.pro rank
Paxos Labs industry classification
Industry- Product category
- Stablecoin Infrastructure
- NAICS
- Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)
- akta.pro primary industry
- Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)
- akta.pro secondary industries
- Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Stablecoin Risk, Monitoring & Analytics (Peg/Reserve/Flow) (FSADADAK), On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG)
Keywords
Where Paxos Labs is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Paxos Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Reserve-backed stablecoin issuance economics: Paxos Labs captures economics on platform-issued dollar stablecoins via the Mint module. Per website: 'Own the brand and user experience. We provide the infrastructure, you keep the economics' — implying reserve/seigniorage-style economics on tokens issued through the platform. Supported reserve assets include USDG, USDC, PYUSD, USDT.
- Earn yield revenue sharing: Programmatic revenue sharing model distributing a portion of underlying yield protocol revenue back to integrating wallets and partners on stablecoins deployed into Earn vaults across Treasury, Core, Frontier, and Compliant Core programs.
- Borrow spread and fee economics: Borrow module enables platforms to 'earn from borrowing spreads and fees generated by user activity' — revenue share from collateralized on-chain lending markets with configurable loan-to-value and liquidation parameters.
- SDK/API infrastructure-as-a-service: Single SDK integration monetizes across all three Amplify modules (Mint, Earn, Borrow); Enterprise Console provides API key management, TVL/APY monitoring, and deposit/withdrawal initiation for integration partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Enterprise — quote-based |
Go-to-market motion4 records
Distribution channels1 record
Marketing channels7 records
Paxos Labs product offering
Product offeringCore offering
Paxos Labs provides enterprise infrastructure for branded stablecoins and embedded on-chain financial products, delivered through the Amplify Stack — a single-SDK platform with three modules: Mint (branded stablecoin issuance backed by regulated reserves), Earn (embedded stablecoin yield via Treasury, Core, Frontier, and Compliant Core programs), and Borrow (onchain credit markets with KYC/AML and revenue sharing). The company also issues standalone stablecoins including USDG0 (omnichain via LayerZero OFT) and USAD (privacy-preserving on Aleo).
Product overview
Paxos Labs offers the Amplify Stack, a single-integration financial utility platform for digital assets, comprising three modules: Mint (branded stablecoin issuance backed by reserves such as USDG, USDC, PYUSD, USDT), Earn (embedded stablecoin yield via Treasury, Core, Frontier, and Compliant Core programs with Smart Deposit Routing), and Borrow (programmable onchain credit markets with collateralized liquidity and revenue sharing). Alongside the Amplify platform, Paxos Labs operates standalone stablecoin products USDG0 (an omnichain LayerZero-OFT extension of Paxos-issued USDG, live on Hyperliquid, Plume, Aptos, Ethereum, Solana, Ink, X Layer), USAD (privacy-preserving USD stablecoin live on Aleo mainnet via zero-knowledge cryptography), and the proposed USDH for Hyperliquid. The company is incubated by Paxos and inherits Paxos's regulated infrastructure (NYDFS trust, in-process OCC charter, MiCA, MAS, FSRA licenses, GENIUS Act posture) covering more than $180 billion in tokenization volume.
Differentiator
Problem solved
Functional benefit
Brands
- Amplify: The Financial Utility Stack — Paxos Labs' flagship digital asset platform offering three integrated modules (Mint, Earn, Borrow) for embedded yield, onchain borrowing, and branded stablecoin issuance.
- USDG0
- USAD
Products and services
- Paxos Labs Amplify The financial utility stack for digital assets enabling platforms to embed yield, enable borrowing, and launch branded stablecoins via a single SDK integration. Unifies Mint, Earn, and Borrow modules with programmatic revenue sharing to integration partners; designed for fintechs, DeFi protocols, and enterprises embedding onchain finance.
- Mint Stablecoin issuance module of the Amplify suite; lets platforms issue, manage, and scale fully backed branded stablecoins native to their ecosystem with mint/redemption, reserve and custody management, compliance and controls, card settlement, and yield distribution. Supports reserve assets including USDG, USDC, PYUSD, and USDT.
- Earn Yield module of the Amplify suite enabling platforms to let users deposit stablecoins (USDC, USDT, USDG, PYUSD on Ethereum and Base), earn yield, and withdraw at any time via SDK integration. Offers Treasury (3-4%), Core (5-7%), Frontier (8-12%), and Compliant Core yield programs.
- Borrow Onchain credit-markets module of the Amplify suite; embeds transparent, risk-controlled, collateralized credit markets directly into platforms with configurable loan-to-value and liquidation logic, automated risk controls, KYC and continuous counterparty screening, and revenue sharing from borrowing spreads and fees.
- USDG0 Omnichain extension of USDG (Global Dollar) built on LayerZero's OFT standard; extends Paxos's regulated, fully-backed stablecoin issuance to blockchain ecosystems where native minting is not yet available (Hyperliquid, Plume, Aptos, Ethereum, Solana, Ink, X Layer).
- USAD Privacy-preserving U.S. dollar-pegged stablecoin issued via Paxos Labs' stablecoin issuance framework, 1:1 backed by compliant USDG reserves, and live on Aleo mainnet; the first stablecoin on a Layer-1 blockchain combining smart contract programmability with privacy by default via zero-knowledge encryption.
- Amplify SDK (@paxoslabs/amplify-sdk) TypeScript/JavaScript client library (v1.0.0) that wraps the Amplify REST API and on-chain calls. Supports AmplifyClient, AmplifyError hierarchy, namespaces (amplify.deposit, amplify.withdraw, amplify.vaults, amplify.users, core.authorization), and permit/approve-based deposit and withdraw flows; hosted documentation at developers.paxoslabs.com.
- WPAXG Tokenized PAXG product listed under the Amplify stack in the developer documentation; referenced in the developer documentation portal.
Quantifiable outcome
- Hyperbeat reached $510,000 AUM within days of going live on Amplify Earn (April 9, 2026)
- +5 more outcomes
Companies that use Paxos Labs
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Paxos Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature8 records
Paxos Labs partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, flagship and minor.
- HyperbeatcoreTechnology/launch partnership: Hyperbeat launched Liquid Banking on Hyperliquid in partnership with Paxos Labs and Noah. Integrated Amplify Earn; reached $510,000 AUM within days of April 9, 2026 launch. Powers beatUSD stablecoin infrastructure.
- TokuflagshipStrategic partnership: first fully private stablecoin payroll solution combining Aleo's zero-knowledge technology, Toku's compliant global payroll platform, and Paxos Labs' USAD stablecoin. Also first payroll platform to integrate Amplify Earn for yield on USDC/USDT/USDG stablecoin salaries, processing $1B+ annually across 100+ countries.
- LayerZeroflagshipTechnology partnership powering USDG0 cross-chain stablecoin using LayerZero's Omnichain Fungible Token (OFT) standard. USDG0 extends USDG's regulated stablecoin infrastructure to Hyperliquid, Plume, Aptos, and other chains without traditional bridges.
- Aleo Network FoundationflagshipStrategic partnership to launch USAD stablecoin on Aleo mainnet — first stablecoin combining programmability with privacy by default using zero-knowledge cryptography. Aleo Network Foundation also participated in the Global Dollar Network (GDN), a Paxos-founded consortium. Also includes joint private stablecoin payroll solution with Toku (January 2026).
- PayPalflagshipPayPal committed to supporting Hyperliquid ecosystem under Paxos Labs USDH V2 proposal: list HYPE on PayPal/Venmo, integrate USDH into Checkout, Braintree, Venmo, Hyperwallet, Xoom, plus $20M in ecosystem incentives. PayPal processes $1T+ TPV annually with 400M+ users and 35M merchants.
- Paxos (parent company)flagshipPaxos Labs is incubated under / spun out from Paxos. Paxos provides the regulated infrastructure layer (NYDFS trust, OCC charter pursuit, $180B+ tokenization volume, 70+ partners including PayPal/Robinhood/Stripe/Kraken/Binance). USDH V2 proposal leverages Paxos for PayPal partnership and global licensing.
- Molecular LabsminorAcquired by Paxos Labs; provides infrastructure behind LHYPE and WHLP, two primitives that powered the Hyperliquid ecosystem since the HyperEVM launch.
Scale indicators8 records
Recent moves7 records
Expansion highlights8 records
Paxos Labs competitors and assessment
Company assessmentDirect peers
- Circle: Issuer of USDC and a leading stablecoin infrastructure provider. Directly comparable to Paxos Labs on the Mint (branded/white-label issuance) dimension and increasingly on developer APIs and yield distribution for enterprise partners.
- Sky (formerly MakerDAO): Issuer of DAI/USDS, one of the largest decentralized stablecoin ecosystems with SubDAOs and RWA distribution. Comparable to Paxos Labs on stablecoin issuance, yield strategies, and crypto-credit market infrastructure.
- Ondo Finance: Tokenized Treasuries and RWA yield provider (USDY, OUSG). Comparable to Paxos Labs' Earn module on tokenized yield distribution and to Mint on regulated asset-backed issuance aimed at platforms.
- Frax Finance: Decentralized stablecoin issuer (frxUSD, sfrxUSD) and also a competitor for Hyperliquid's USDH mandate. Comparable on stablecoin issuance and yield infrastructure, with overlapping developer-platform ambitions.
- Maple Finance: Institutional onchain credit market with underwritten lending pools. Closely comparable to Paxos Labs' Borrow module on credit-market infrastructure, revenue sharing, and KYC/screening workflows.
- Ethena: Issuer of USDe synthetic dollar and a competitor on Hyperliquid's USDH proposal via Native Markets. Directly comparable to Paxos Labs' yield-bearing stablecoin and issuance infrastructure thesis, though without the same regulatory foundation.
Broad incumbents
- Stripe: Global payments incumbent building the Tempo blockchain and stablecoin rails. Increasingly competes in white-label stablecoin issuance and embedded finance APIs that overlap with Paxos Labs' Mint and Earn.
Others
- Paxos: Parent company and regulated stablecoin issuer behind USDG, USDL, and the Global Dollar Network. Comparable as the underlying regulated infrastructure Paxos Labs extends onchain; included to clarify parent/incumbent relationship.
- LayerZero: Omnichain messaging protocol whose OFT standard powers USDG0. Comparable as enabling infrastructure for Paxos Labs' cross-chain stablecoin distribution rather than a direct competitor; relevant for omnichain issuance thesis.
Emerging players
- Morpho: Decentralized lending protocol (Morpho Blue) increasingly embedded by fintechs and wallets. Comparable to Paxos Labs' Borrow module on collateralized onchain credit, though Morpho is protocol-level while Paxos Labs is API/SDK-level.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Paxos Labs social profiles
Digital presencePaxos Labs compliance and trust
Trust signalCompliance4 records
Paxos Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paxos Labs leadership team
Management profileNumber of profiles
Profiles1 record
Paxos Labs subsidiaries and ownership
Company hierarchySubsidiaries1 record
Paxos Labs funding detail
Funding detailFunding overview
Funding rounds1 record
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paxos Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paxos Labs
What does Paxos Labs do?
Paxos Labs provides enterprise infrastructure for branded stablecoins and embedded on-chain financial products, delivered through the Amplify Stack — a single-SDK platform with three modules: Mint (branded stablecoin issuance backed by regulated reserves), Earn (embedded stablecoin yield via Treasury, Core, Frontier, and Compliant Core programs), and Borrow (onchain credit markets with KYC/AML and revenue sharing). The company also issues standalone stablecoins including USDG0 (omnichain via LayerZero OFT) and USAD (privacy-preserving on Aleo).
Is Paxos Labs a public or private company?
Paxos Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was Paxos Labs founded?
Paxos Labs was founded in 2025. It employs 11 to 50 people.
Where is Paxos Labs based?
Paxos Labs is headquartered in New York, United States, in the North America region.
How does Paxos Labs make money?
Four revenue lines are on record. Reserve-backed stablecoin issuance economics are the primary driver. The others are earn yield revenue sharing, borrow spread and fee economics and SDK/API infrastructure-as-a-service.
Who are Paxos Labs's main competitors?
Direct peers on record are Circle, Sky (formerly MakerDAO), Ondo Finance, Frax Finance, Maple Finance and Ethena. Stripe is listed as a broad incumbent. Others are Paxos and LayerZero. Morpho is listed as an emerging player.
Does Paxos Labs have an API?
Yes. REST API powering the Amplify suite (Mint, Earn, Borrow modules), with a TypeScript/JavaScript SDK (@paxoslabs/amplify-sdk), HMAC-SHA256-signed webhooks for event delivery (smart deposit routing events: pending, confirmed, finalized, failed), API-key authentication via the Paxos Labs Enterprise Console, AI-ready reference docs (SDK, contract, and API calldata references), and SDK versions including 1.0.0 (current). Documentation is hosted on Mintlify at developers.paxoslabs.com. Developer documentation is at developers.paxoslabs.com.
What industry is Paxos Labs in?
Paxos Labs's product category is Stablecoin Infrastructure. Its primary akta.pro industry code is FSAPAEAB, Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption), with a secondary code of FSADADAE, Mint/Redeem, Issuance APIs & Treasury Operations Platforms. Its NAICS code is 5232 and its SIC code is 6200.