Paxos takes aim at Circle and Tether, says 96% of its stablecoin reserves are cash or cash equivalents

In a July 21 blog post, Paxos revealed that its duo of stablecoins, Paxos Standard and Binance USD, are backed by 96% cash or cash equivalents. This contrasts with recent reports coming out of the other leading U.S. dollar-centric stablecoin operators, T
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