A spokesperson from Paxos stated that the recent decoupling of the stablecoin USDP was due to issues with the pricing aggregator, rather than the protocol itself. These platforms obtain pricing data from trading platforms. Yesterday, the USDP price on certain trading platforms experienced significant fluctuations, which affected the price of USDP on the pricing aggregator. Paxos does not control the markets or trading activities of other trading platforms.
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Paxos spokesperson: USDP’s recent decoupling is due to issues with pricing aggregators, not the protocol itself
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