$10 Million in Paxos Stablecoins Printed Overnight Following Tether Allegations

More than 10 million Paxos Standard stablecoins were minted in the 18 hours after the New York Attorney General’s bombshell allegations about rival issuer Tether.

Chad Cascarilla, CEO of Paxos, which issues the Paxos Standard token, said the company saw a surge in demand overnight.

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