Q&A: A Look at Stablecoins and PAX with Mike Dudas

On today's episode of The Blockchain.com Podcast, our Head of Research, Garrick Hileman welcomes Mike Dudas, former CEO and founder of The Block and current Head of Stablecoin Business Development at Paxos. The Paxos US dollar backed stablecoin was the first stablecoin made available on the Blockchain.com Wallet and Exchange.

During their conversation, they dig into the PAX stablecoin and discuss:

• What motivated Mike to leave The Block and join a B2B enterprise company in the crypto space?
• Stablecoin 101: how the PAX stablecoin is different from crypto-collateralized and algorithmic stablecoins?
• How and why Paxos provides a white label stablecoin system, including for the 3rd largest stablecoin by market value, Binance USD stablecoin (BUSD)
• The incredible success PAXOS has had securing deals to provide blockchain services to some of the the largest fastest growing financial institutions, including PayPal and Revolut
• The future of stablecoins. How Mike expects to see stablecoins used in the years to come and how big this space can be.

Blockchain.com's USD PAX Research Primer