OpenEden vs Paxos

How OpenEden vs Paxos compare on our ratings, stablecoin specs, funding, pros and cons.

Paxos4.3/5

Feature	OpenEden Visit	Paxos Visit
Ratings
Our score	3.9/5	4.3/5
User rating	No reviews yet	No reviews yet
Reserves & transparency	4.5	4.5
Peg stability	4.0	4.5
Regulation	4.0	5.0
Liquidity & chains	3.0	3.5
Redemption	3.5	3.5
Specs
Tickers	USDO, cUSDO	USDP, USDG, PYUSD, PAXG
Pegged to	US dollar	US dollar
Backing	Cash & treasuries	Cash & treasuries
Yield-bearing	Yes	No
Regulated issuer	Yes	Yes
Licenses & charters	Bermuda Monetary Authority (BMA) Digital Asset Business Lice	National Trust Bank Charter (OCC), Limited Purpose Trust Charter (NYDFS), Major Payment Institution (MAS), Electronic Money Institution (FIN-FSA)
Supply / market cap	$14.47M in October 2026	Not disclosed
Chains	Ethereum, Base, BNB Chain	Ethereum, Solana, Arbitrum One, Polygon PoS, Avalanche, Ink, Mantle, Robinhood Chain, X Layer, Stellar
Reserve reports	Daily and monthly NAV reports by fund administrator	Monthly reserve reports conducted by KPMG LLP and previously WithumSmith+Brown, PC
Redemption terms	Redeemable for USDC by KYC-verified non-US users; 0.10% redemption fee; $100,000 minimum initial transaction	1:1 direct fiat redemption via Fedwire, SWIFT, and CUBIX for verified institutional and enterprise platform accounts
Issuer can freeze tokens	Not disclosed	Yes
Company
Founded	2022	2012
Headquarters	—	United States
Investors	Ripple, Anchorage Digital Ventures, FalconX, Flowdesk +7	Declaration Partners, Founders Fund, PayPal Ventures
Strengths and weaknesses
Pros	Reserves legally ring-fenced under a Bermuda Monetary Authority digital asset license Yield accrues automatically to wallet balances through daily rebasing Collateral backed 100% by US Treasury bills and short-term equivalents Permits wrapping to cUSDO for wider protocol compatibility across DeFi	National trust bank oversight from the OCC USDP and PYUSD attestations issued by KPMG from February 2025 USDG supports seven listed networks Stablecoins are backed 1:1 under Paxos's stated model
Cons	$100,000 minimum subscription excludes smaller retail participants from primary minting Redemptions settle strictly in USDC rather than direct fiat bank transfers Primary access is unavailable to United States residents and entities Secondary trading on decentralized exchanges risks temporary deviations from the peg	Redemption depends on eligibility and Paxos onboarding controls Stablecoin access varies by token and blockchain BUSD withdrawals are no longer available on the Paxos Platform Issuer controls and reserve-custody arrangements create freeze and redemption risks
Best for	Non-US corporate treasuries holding idle capital, Institutional investors seeking tokenized US debt, DeFi lenders using wrapped treasury collateral	Businesses issuing stablecoins, Institutional payment platforms, Developers building stablecoin integrations

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