Funds Are SAFU and Binance Will Continue To Support BUSD, CZ Says
CZ highlighted on twitter that BUSD is issued and redeemed by Paxos and funds are SAFU!
Crypto Evening Briefing: Paxos To Stop Issuing Dollar-Pegged Binance Token; CZ Highlighted BUSD “Funds Are SAFU”
BUSD turned volatile in the wake of regulatory action against its issuer Paxos Trust Co. The decline in BUSD/USDT pair on Binance suggests some traders are moving money into tether.
Funds Are SAFU and Binance Will Continue To Support BUSD, CZ Says
The U.S. Securities and Exchange Commission (SEC) intends to sue stablecoin issuer Paxos, and the New York Department of Financial Services ordered Paxos to stop creating more of its BUSD token.
BUSD Depegs From Rival Stablecoin Tether After US Regulator Tells Paxos to Stop Minting New Tokens
Binance's dollar-pegged stablecoin BUSD turned volatile in the wake of regulatory action against its issuer Paxos Trust Co.
Existing Tokens Remain Fully-Backed and Redeemable Through Paxos Trust Company Through at Least February 2024
Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.
Paxos Will Halt Minting New BUSD Tokens
Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.
SEC Lawsuit Against Paxos Over BUSD Baffles Crypto Community
Paxos and Binance USD (BUSD) being in the sights of United States regulators sparked various reactions from the crypto community.
Binance Sticking With BUSD for Now, Ready To Explore Options
Binance will continue to support Binance USD, although the exchange is ready to adjust and potentially move away from using the stablecoin as its main pair for trading.
Binance CEO “CZ” Breaks Silence On US SEC’s Crackdown On BUSD
U.S. Securities and Exchange Commission’s (SEC) latest probe against Paxos, the issuer of Binance USD (BUSD), has left the crypto industry triggered. However, Changpeng Zhao (CZ), CEO of Binance came forward to clear the air over the probe.
Paxos Trust Co. Gets Wells Notice From SEC Over BUSD Token
It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company. This is with regard to its suspicion of the entity having violated investor protection laws. As per information from reliable sources, this happens to be in accordance with the SEC’s ongoing campaign involving the enforcement of crypto.
