Comparison · 2026 edition
Bridge vs Paxos: stablecoin settlement compared 2026.
Bridge and Paxos side by side in the Stablecoin Settlement Index 2026: scores, evidence, published facts and awards.
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Bridge and Paxos side by side in the Stablecoin Settlement Index 2026: scores, evidence, published facts and awards.
In the Stablecoin Settlement Index, Bridge scores higher overall: 3.7 out of 5 (74 out of 100) against 3.3 (66), ranking 2 and 5 of 14. Bridge also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Bridge | Paxos |
|---|---|---|
| Score out of 5 | 3.7 | 3.3 |
| Score out of 100 | 74 | 66 |
| Overall rank | 2 of 14 | 5 of 14 |
| For receiving from buyers (out of 100) | 76, rank 2 | 66, rank 5 |
| For paying suppliers (out of 100) | 69, rank 3 | 66, rank 4 |
| For treasury and holding (out of 100) | 77, rank 2 | 67, rank 5 |
| Type | US money transmitter, EU e-money institution, Stripe group | US national trust bank (OCC) |
Each score with the evidence behind it.
| Criterion | Bridge | Paxos |
|---|---|---|
| Licences | 5/5 US licences in 32 states and DC with numbers, plus EU crypto-asset and e-money authorisations in Luxembourg and a Polish registration, all with numbers. | 5/5 OCC national trust bank charter, EU EMI with reference number and Singapore MPI licences in its own name. |
| Published fees | 1/5 Minimums and a 1% ceiling on fiat to fiat spreads published, but no on-ramp, off-ramp or rail fee amounts. | 4/5 Zero mint and redeem fees published; bank transfer fees not stated. |
| Coins and rails | 5/5 USDC and USDT on many networks, with US, EU, UK, Mexican, Brazilian and Colombian rails. | 2/5 Two Paxos coins, only US dollar wire and CUBIX described, networks not stated. |
| Settlement | 5/5 Same-day timings published: Fedwire under 3 hours, SEPA Instant and SPEI under 15 minutes. | 3/5 Deposits credited on receipt; domestic wire withdrawals 1 to 3 business days. |
| Access | 2/5 No published country list; developer API focus. | 2/5 Institutions only; no country list. |
| Protection | 4/5 Own custody, segregated per-customer wallets, bankruptcy remote, reserves in Treasury bills with BlackRock; no figure or insurance. | 3/5 Reserve composition and monthly attestations published; custody and segregation of customer balances not described. |
Each criterion is scored 0 to 5 against the best published offer in the Stablecoin Settlement Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 21 October 2026.
| Fact | Bridge | Paxos |
|---|---|---|
| Legal status | 'Bridge Building Inc. (NMLS ID 2450917)' for US residents. Company page: EEA services from Bridge Building S.A., 'authorized by the CSSF as a crypto-asset service provider (N00000012) and an electronic money institution (W00000024)'; residents outside the US and EEA served by Bridge Building Limited. Stripe blog: stablecoin balances are 'powered by Bridge', which Stripe acquired. | 'Paxos Trust Company, National Association', national trust bank charter, OCC 'Charter No. 25379'. Paxos Securities Settlement Company, LLC: SEC registered clearing agency, 'SEC Release No. 34-105562'. |
| Licences | Money transmitter or equivalent licences listed for 32 states and Washington DC, plus a Louisiana virtual currency licence. Poland: Bridge Building Sp. z o.o., 'Register of Activity in the Scope of Virtual Currencies: RDWW-794' (Polish Financial Supervision Authority). | Singapore: Paxos Digital Singapore Pte. Ltd. and Paxos Global Pte. Ltd., MAS 'Major Payment Institution' (no number listed). EU: Paxos Issuance Europe Oy, Finanssivalvonta, 'Authorization reference number 32368862'. Regulatory record page: 'Coverage across all 50 states.' |
| Stablecoins and networks | Route tables include USDC, EURC, USDT, PYUSD, USDB, USDP, USDG and others on Arbitrum, Avalanche, Base, Celo, Ethereum, Optimism, Polygon, Solana, Stellar, Tron, Sui, Aptos and others. 'USDC & EURC are the only stablecoins supported for users in the EEA.' | Mint and redeem USDG and PYUSD. Networks not stated on the pages read. |
| Bank rails | ACH, FedNow and wire (USD), SEPA (EUR), SPEI (MXN), Pix (BRL), Faster Payments (GBP), Bre-B (COP). SWIFT 'Limited availability'. | USD wire (domestic via FedWire and international) and CUBIX USD transfers. ACH, SWIFT and SEPA not mentioned. |
| Fees | No on-ramp or off-ramp fee figures published. Virtual account docs: exchange fee 'may be 0'; gas fee 'usually 0 for most currencies and chains'. Fee disclosure statement for users reached through partners: fiat to fiat conversions carry a currency spread 'up to 1%'. Minimums per route, for example USDC: ACH and wire 1, Faster Payments 2, Pix 10, SPEI 50. | 'Zero fees to mint or redeem Paxos-issued stablecoins USDG and PYUSD.' Wire fees not stated. |
| Settlement | 'ACH - depends on the bank, T+0 or 1'; 'Fedwire - <3 hours'; 'SEPA Instant - <15 mins'; 'SEPA Credit - <1 business day'; 'SPEI - <15 mins'. | Wire deposits credited 'as soon as it is received by our bank'; domestic wire withdrawals 'may take 1-3 business days to settle'; international wire withdrawals '1-5 days'; CUBIX 'processed 24/7'. |
| Access | No country list published. Customers must be KYC or KYB approved before a virtual account is created. Built for developers through the API. | For 'institutions'; eligible countries not stated. Onboarding flow, dashboard and developer documentation linked. |
| Protection | 'Bridge directly provides custody services'; 'individual segregated wallets per customer'; funds 'bankruptcy-remote from Bridge's operating funds'. 'The majority of reserves are held in Treasury bills with BlackRock'; cash in For Benefit Of accounts at regulated banks. No insurance stated. | 'USDG and PYUSD reserves are held 100% in US dollar deposits, US treasuries and cash equivalents'; reserve reports and attestations published monthly. Custody arrangement for customer balances not described. |
| Date read | 21 October 2026 | 21 October 2026 |
Not published or not stated by Bridge: fees, access and protection.
Not published or not stated by Paxos: licences, stablecoins and networks, fees, access, protection, published fees and coins and rails.
Facts read on 21 October 2026 from: bridge.xyz/legal/licenses/…, bridge.xyz/legal/licenses/overview, bridge.xyz/company, apidocs.bridge.xyz/get-started/introduction/…, apidocs.bridge.xyz/platform/orchestration/…, support.bridge.xyz/articles/…, support.bridge.xyz/articles/…, stripe.com/blog/…, bridge.xyz/legal/fee-disclosure-statement/…; and paxos.com/terms-and-conditions/licenses, paxos.com/regulatory-record, paxos.com/mint-and-redeem, docs.paxos.com/guides/developer/….
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Moving between stablecoins and local bank rails.
Fee-free minting of USDG and PYUSD.
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