FDIC Pass Through Insurance Disclosures
Last Modified: August 21, 2025
Certain conditions must be satisfied for pass–through deposit insurance coverage to apply to fiat currency. The underlying fiat currency may be eligible for pass-through insurance; however, no crypto asset is insured or guaranteed by the FDIC.
The primary depository account that holds fiat cash is protected by FDIC insurance up to $250,000 for each account ownership category. Paxos Trust Company, LLC and its applicable affiliates (“Paxos”) maintains FDIC-insured deposits for stablecoins at the following depositories:
BMO Bank National Association (FDIC Certificate #16571)
BNY Mellon (FDIC #639)
Customers Bank (FDIC Certificate #34444)
State Street Bank and Trust Company (FDIC Certificate #14)
Western Alliance Bank (FDIC #57512)
Further, Paxos may utilize deposit placement networks operated by IntraFi Network LLC and Reich & Tang Deposit Solutions, LLC wherein the totality of balances in these deposit networks are FDIC-insured.
A list identifying IntraFi Network-insured depository institutions at which funds may be placed may be found here.
A list of Reich & Tang Deposit Solutions, LLC’s network banks can be found here. Paxos may exclude particular insured depository institutions within each network from eligibility to receive funds.
Paxos maintains FDIC-insured omnibus deposits at the following depositories:
BMO Bank National Association (FDIC Certificate #16571)
State Street Bank and Trust Company (FDIC Certificate #14)
Customers Bank (FDIC Certificate #34444)