Paxos incident

Paxos - USDC (Ethereum) Conversions Delayed

Resolved after 4 hours 15 minutes, affecting Stablecoin Orchestrations and Orchestrations API, on July 17, 2026.

monitoring Jul 17, 2026, 09:16 PM UTC

A fix has been implemented and we are monitoring the results.

Started
Jul 17, 2026, 06:14 PM UTC
Resolved
Jul 17, 2026, 10:29 PM UTC
Duration
4h 15m
Detected by Pingoru
Jul 17, 2026, 06:14 PM UTC

Affected components

Stablecoin OrchestrationsOrchestrations API

Update timeline

  1. 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.

  2. investigating Jul 17, 2026, 06:33 PM UTC

    A fix has been implemented and we are monitoring the results.

  3. monitoring Jul 17, 2026, 09:16 PM UTC

    A fix has been implemented and we are monitoring the results.

  4. resolved Jul 17, 2026, 10:29 PM UTC

    This incident has been resolved.

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