Paxos has issued more than 10 million PAX

In the 18 hours after the New York Attorney General issued a heavy allegation against Tether, Paxos (PAX) stabilized the currency with more than 10 million. Paxos CEO Chad Cascarilla said this was because the company saw a surge in demand overnight. According to Cascarilla, the company does not pre-manufact PAX, so PAX's trading volume will rise or fall depending on market demand for Paxos. This growth is definitely related to market demand, and Cascarilla has to assume that this increase in demand is due to Tether's news.