Paxos has reported a remarkable 450% increase in its total asset market value over the past year, climbing from $1.2 billion in January 2025 to $6.8 billion. This surge is largely attributed to the performance of the PayPal stablecoin PYUSD, which Paxos issues. PYUSD's market value has more than tripled, rising from $500 million to $3.6 billion, accounting for over half of Paxos' asset growth. Additionally, Paxos' gold-backed token, PAXG, has seen substantial gains, with its market value increasing from $500 million to $1.8 billion. This 72% rise is driven by both the minting of new tokens and the appreciation in gold prices throughout 2025, further bolstering Paxos' asset portfolio.