⚡️💬 NEW - Today at the Federal Reserve crypto roundtable, a representative from Paxos tries to explain how minting $300 TRILLION worth of the PayPal stable happened.
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It's ok. They just "Deleted" it all.
I'm pretty sure a few trillion just didn't slip out the back door somewhere, there's nothing to see here🧐.
It also shows they can take all your money in 24 minutes or magically devalue everyone's money in 24 MINUTES! NO THANK YOU!
So non-chalant about it since they do it the same way in fiat world, they are used to it. You need a few Billions for Ukraine? Sure let me type that in, was it 9 zeros or 12? Oops
He is selling absolute transparency to them as if it would be the best thing since the invention of sliced bread.
⚡️💬 NEW - Today at the Federal Reserve crypto roundtable, a representative from Paxos tries to explain how minting $300 TRILLION worth of the PayPal stable happened.
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They were just trying to learn how to keep the pace with future FED operations in a few years.
On a daily basis.