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By way of these guidelines, a giant one is the elimination of chapter danger, Hessert stated. “Prospects’ belongings are protected, together with if Paxos have been to go bankrupt – a scenario we now see with a bunch of firms in crypto. In case you can find yourself sitting in line as a common creditor of a non-public firm that issued you a stablecoin, that’s inferior to a bodily greenback,” he stated.
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