When a crypto deposit is sent to Paxos it is first being picked up by the blockchain as a valid deposit. Once it receives sufficient confirmations on chain the crypto deposit will be reflected and credited to your Paxos account. Stablecoin deposits (BUSD & USDP) are treated and reflected in your account as 1:1 USD when deposited
Please note you may see a delay in your BUSD deposit crediting to your account. Paxos is experiencing a high volume of BUSD Redemption requests and we are working to process all requests as soon as possible.
I sent in BUSD to my Paxos account but it is not showing up
Please note - Paxos does not support any versions of BUSD that are not natively minted on the Ethereum network. Wrapped BUSD deposits sent to a Paxos ERC-20 deposit will not show up and register as a valid deposit on Paxos. These are considered unsupported deposits and Paxos is not liable for losses associated with these deposits.