💵 $10 million in Paxos printed 18 hours after Tether allegations from New York's Attorney General
Coin Desk reports that more than 10 million Paxos Standard stablecoins were minted almost overnight after the New York Attorney General announced their suit against Bitfinex and its affiliate organization Tether. Chad Cascarilla, CEO of Paxos, told Coin Desk that she things the surge in coin minting is "definitely a function of the news because PAX started trading at a very significant premium to Tether and the dollar.”
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