Perils of (Unregulated) Stabelcoins: When $300 Trillion Appears Out of Thin Air
A Paxos Stablecoin Mishap and What It Says About Crypto Infrastructure In traditional finance, a mistake of a few million dollars can trigger investigations, regulatory scrutiny, and sometimes career ending consequences. In the world of cryptocurrency, however, the scale of mistakes occasionally enters territory that sounds almost fictional. One recent incident involving Paxos, a blockchain