Paxos entering Stablecoin market

[Tipstar]

Evenn the Bitfinex-Tether allegation and fall of price in crypto as well the Dollar pegged Tether is not stopping Paxos in minting millions of USD pegged stable coin of it's own. With the rise in number of fiat based currency and they taking up the most of crypto marketcap, where do you see the crypto economics be heading towards?

https://www.coindesk.com/10-million-in-paxos-stablecoins-printed-overnight-following-tether-allegations