Paxos CEO responds to Tether allegations: 'We knew this was coming'

Following the news that NY State Attorney General is suing cryptocurrency exchange Bitfinex and its affiliated stablecoin company Tether, other stablecoin issuers have rushed to distance themselves from the turmoil.

Among these companies is Paxos, whose CEO Charles Cascarilla told The Block that he was not surprised by the news.

“The industry is trading billions of dollars worth of cryptocurrencies daily, and relying on these