Paxos Exec on the Future for Stablecoins in Aftermath of UST’s Collapse

May 13, 2022

UST’s $14 billion collapse has sent ripples across the stablecoin market and wider crypto industry. Mike Coscetta, chief revenue officer at stablecoin developer and issuer Paxos, discusses what makes the Pax Dollar (USDP) different and shares his take on the risks of algorithmic stablecoins and what the future holds for DeFi. Plus, insights into partnering with Brazil’s largest digital bank Nubank to launch BTC and ETH trading in the country.