Today blockchain firm Paxos issued far more detailed disclosures about the assets that back both the Pax dollar (USDP) stablecoin and Binance USD (BUSD), the third-largest stablecoin for which Paxos is the issuer.
It breaks down the assets by specific Treasury securities in which it has invested and shows the average maturity.
“The only way we can build trust in stablecoins and grow the adoption of this important technology globally is by continuing to embrace robust oversight and providing unprecedented transparency,” said Charles Cascarilla, Paxos CEO and Co-Founder. “These enhanced disclosures underscore this point.”
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