Paxos General Counsel on Stablecoin Backings, Risks and Regulations

Paxos, the crypto infrastructure firm behind Paypal, has released a breakdown of reserves of its stablecoins PAX and BUSD for the first time. Paxos General Counsel Dan Burstein discusses the key takeaways, noting differences between Paxos' products and other stablecoins like USDC and USDT. Plus, his take on stablecoin risks and regulations, as well as implications for Binance facing global regulatory scrutiny.