Stablecoin issuer Paxos is hiring a new “Head of Portfolio Management,” who will oversee the allocation of more than $20 billion in portfolio reserves “in accordance with the Paxos Portfolio Management mandate and legal constraints within the NYDFS stablecoin issuance framework” Decision-making, will also be responsible for implementing investment strategies and processes that comply with regulatory and client "objectives and constraints", and they will also work with regulators to explain the company's products and controls.