Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

2023-2-13 14:26

It was reported on Sunday that the SEC intended to sue Paxos for selling BUSD as an unregistered security. origin »

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busd paxos intended sue sec security unregistered

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Paxos terminates relationship with Binance as it halts BUSD issuance

Paxos has also halted the minting of new BUSD tokens as ordered. Existing BUSD will however remain fully-backed and redeemable via Paxos until at least February 2024 Binance CEO says exchange will continue to support BUSD  Paxos, the blockchain and tokenization platform that also issues the stablecoin Binance USD (BUSD), has announced it is terminating […] The post Paxos terminates relationship with Binance as it halts BUSD issuance appeared first on CoinJournal.

2023-2-13 15:35