Coinbase Makes A Move Against Binance USD As Financial Regulators Srcutinize Stablecoin Issuer
Coinbase's announcement came on the heels of mounting regulatory pressure on Paxos, the issuer of BUSD.
Source: ibtimes.com
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Circle Alerted NYDFS About Paxos, Told Financial Regulator BUSD Wasn't Fully Backed: Report
In a press release Monday, Paxos said it is working "in close coordination" with the New York regulator and will "cease issuance of new BUSD tokens" on Feb. 21.
Source: ibtimes.com
Paxos Will Halt Minting New BUSD Tokens
/PRNewswire/ -- Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the...
Source: prnewswire.com
Binance stablecoin backer ordered to stop issuing token
New York's chief financial regulator has ordered Paxos, the company behind the stablecoin of major crypto exchange Binance, to stop issuing the token, Paxos and the regulator said in separate
Source: ibtimes.co.uk
Paxos Under Fire: New York Regulator Orders Binance-USD Issuer To Stop Creating Stablecoin
Aside from that, the U.S. SEC is also reportedly preparing to sue Paxos over the Binance-USD token.
Source: ibtimes.com