CZ and SBF: Spilling the Alphabet Soup of a Crypto Catastrophe 11/17/22
Squawk Pod
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How Much Do You Hold?
The assets we disclose were 100% user assets. It just means users were holding that much BUSD on our platform. We don't do any conversion. And also BUSD, even though people refer to a Binance USD, is not issued by Binance. Paxos is an NYDFS regulated entity from in New York. But just how much do you hold again? You said it's about 30% you were just saying. Are some of these stable coins and others that you're holding? I mean, that's where so many people, to me, they seem like the CDOs that the marks are really off base. HowMuch do you hold yourself? And where do you
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