Why is Paxos reimagining stablecoin?

Why is Paxos embarking on a reimagining journey with their stablecoin? Could it be that the current landscape of stablecoins lacks certain features or functionalities that Paxos aims to address? Are they aiming to revolutionize the stability and trustworthiness of these digital assets? Or perhaps, Paxos sees an opportunity to introduce innovations that will make stablecoins more accessible and appealing to a wider audience? Could their reimagining effort involve enhancing the scalability, security, or interoperability of stablecoins? It's intriguing to ponder the reasons behind Paxos' decision to reimagine the stablecoin, and what implications this might have for the broader cryptocurrency and finance industry.