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Want to Manage a $20 Billion Stablecoin Portfolio? Paxos Is Hiring

Paxos, the stablecoin issuer that's been on the front lines of the U.S. crack down on crypto, is looking for help managing its reserves and is seeking a new "Head of Portfolio Management," according to a job listing on LinkedIn posted five days ago.

The person who gets hired will oversee allocation decisions on over $20 billion of portfolio reserves "in accordance with the Paxos portfolio management mandates and legal restrictions within the NYDFS stablecoin issuance framework," the company said, referring to the New York state regulator that ordered it to stop issuing the Binance USD stablecoin in February. 

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