⚡️💬 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.
https://blossom.primal.net/70296412fd5faed15aecd8ae9790e5c993c9ec9c256d20b3da24640a6d124e9f.mp4
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.
They were just trying to learn how to keep the pace with future FED operations in a few years.
On a daily basis.
