Paxos experienced a minor incident on July 17, 2026 affecting Stablecoin Orchestrations and Orchestrations API, lasting 4h 15m. The incident has been resolved; the full update timeline is below.
Affected components
Stablecoin OrchestrationsOrchestrations API
Update timeline
- investigating Jul 17, 2026, 06:14 PM UTC
We are currently experiencing delays in processing conversions involving USDC on the Ethereum network. Customers can continue to submit conversions but may experience delays in processing. Conversions involving other assets and networks are not affected.
- investigating Jul 17, 2026, 06:33 PM UTC
A fix has been implemented and we are monitoring the results.
- monitoring Jul 17, 2026, 09:16 PM UTC
A fix has been implemented and we are monitoring the results.
- resolved Jul 17, 2026, 10:29 PM UTC
This incident has been resolved.