The US SEC drops its investigation into Paxos over its BUSD stablecoin issued in partnership with Binance, after sending Paxos a Wells notice in February 2023
As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins …
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, as “Paxos halted minting of new BUSD” after an NYDFS order in February 2023
Jamie Crawley / CoinDesk :
Binance plans to “gradually” end support for its BUSD stablecoin by February 2024, citing Paxos ceasing to mint new BUSD after an NYDFS order in February 2023
The move follows Paxos' decision to halt minting of new BUSD. — Cryptocurrency exchange Binance said it will …
Coinbase plans to suspend trading of the Binance USD stablecoin on March 13 for not meeting its listing standards; users will still be able to access their BUSD
Derek Andersen / Cointelegraph :
Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties
Firm will continue to manage redemptions of the product — New York regulators directed a crypto company to stop issuing …
Binance plans to stop supporting the world's second biggest stablecoin USDC and convert users' USDC, USDP, and TUSD into its own stablecoin BUSD on September 29
Jamie Crawley / CoinDesk :
Binance launches a USD-backed stablecoin in the US in partnership with Paxos after receiving approval from NY regulators
Crypto exchange Binance is launching a dollar-backed stablecoin in the U.S. — Moreover, the new Binance USD (BUSD) has received the blessing of the New York Department of Financial Services (NYDFS)....