Crypto firm Paxos ordered to stop issuing Binance stablecoin
Illustration by Alex Castro / The Verge New York regulators have ordered the cryptocurrency firm Paxos to stop issuing Binance USD (BUSD) — the third largest stablecoin by market cap and pegged to the US dollar — over concerns that it can’t “safely” issue the token, as reported earlier by Reuters and The Wall Street
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