Transparency and Trust in Paxos-Issued Stablecoins

The most important features of any financial product are its clarity, certainty and transparency. These features define both its utility and its safety. In the case of stablecoins, users should know what they own and outside observers should have a window into the activities of any firm holding reserves. Paxos follows the NYDFS guidelines for portfolio management at all times.

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Paxos Leads Digital Asset Industry by Becoming First Issuer to Disclose Full Monthly Reserve Holdings Backing USDP and BUSD Regulated Stablecoins

Paxos, the leading regulated blockchain infrastructure platform, has disclosed the specific financial instruments backing its regulated stablecoins USDP and BUSD. Moving forward, Paxos will provide these detailed disclosures on a monthly basis in addition to its attestations.

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Paxos Takes Unprecedented Step to Increase Transparency in Stablecoin Industry – Introducing USDP & BUSD Monthly Reserves Holding Reports

I've spent a lot of time in the last three months talking, writing and educating about stablecoins. The main takeaway I’ve focused on is that stablecoins - as a financial product - are really nothing new.

Continue ReadingPaxos Takes Unprecedented Step to Increase Transparency in Stablecoin Industry – Introducing USDP & BUSD Monthly Reserves Holding Reports