WHO issues Paxos?

Who exactly issues Paxos, the digital asset? Could you provide a clear and concise description of the issuing entity behind this cryptocurrency? I'm interested in understanding the background and credibility of the issuer to assess the trustworthiness and potential of Paxos. Is it a well-known financial institution or a new entrant in the cryptocurrency space? Any information you can share regarding the issuer's experience, track record, and regulatory standing would be greatly appreciated.