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BUSD

Paxos to Stop Minting Stablecoin BUSD: What Happens Next?
Video
Sec
Paxos to Stop Minting Stablecoin BUSD: What Happens Next?
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just af...
Paxos to Stop Minting Stablecoin BUSD: What Happens Next?
By CoinDesk Inc
Feb 15, 2023 at 3:56 p.m. UTC
Feb 15, 2023
SECPaxoscdtvStablecoinFM ClipBUSDNYDFSSocial_ClipColumbiaJesse austin campbell
(Photo by Chip Somodevilla/Getty Images)
Consensus Magazine
Paxos
The SEC Is Taking Aim at Paxos and (Annoyingly) It’s Good for Bitcoin
While the largest cryptocurrency has not been a direct focus for regulators, bitcoiners should not become cheerleaders.
(Photo by Chip Somodevilla/Getty Images)
By George Kaloudis
Feb 15, 2023 at 2:32 p.m. UTC
Feb 15, 2023
PaxosSECStablecoinTetherBUSDBinanceBitcoinRegulationOpinion
(eswaran arulkumar/Unsplash)
Markets
Stablecoin
BUSD Stablecoin Inches Toward $1 Peg After Binance CEO Comments
Changpeng Zhao on Tuesday distanced himself from the Binance-branded stablecoin.
(eswaran arulkumar/Unsplash)
By Shaurya Malwa
Feb 15, 2023 at 9:40 a.m. UTC
Feb 15, 2023
StablecoinTradingBUSDPaxos
Markets Daily Podcast Cover
Podcasts
Podcasts
Crypto Update | Contentious Uniswap Vote Highlights the Opaqueness of Decentralized Governance
With crypto markets fluctuating on hotter-than-expected CPI data, plus a look at DeFi’s faults, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover
By Adam B. LevineAdrian Blust
Feb 14, 2023 at 6:45 p.m. UTC
Feb 14, 2023
PodcastsMarkets DailyUniswapSECBinanceDeFiBUSDStablecoinPaxosFTX
Binance CEO: BUSD Is Not Issued by Binance
Video
Binance
Binance CEO: BUSD Is Not Issued by Binance
Binance’s Chief Executive Officer Changpeng “CZ” Zhao distanced himself from the Binance-branded stablecoin BUSD, after regulatory action caused minting to cease. “BUSD is not...
Binance CEO: BUSD Is Not Issued by Binance
By CoinDesk Inc
Feb 14, 2023 at 5:55 p.m. UTC
Feb 14, 2023
BinancePaxoscdtvCZHash clipBUSD
Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security
Video
Nikhilesh de
Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security
Paxos acknowledged it received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming based on the charge that its Binance USD (BUSD) stablecoin...
Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security
By CoinDesk Inc
Feb 14, 2023 at 4:17 p.m. UTC
Feb 14, 2023
Nikhilesh DeSECPaxoscdtvStablecoinFM Clipcrypto regulationBUSDNik DeState of CryptoStateCrypto_Sponsor
Bank vault (Unsplash)
Consensus Magazine
Opinion
Stablecoins Are Not New. So Why Are Regulators Attacking Paxos?
Former Paxos head of portfolio management for BUSD argues that stablecoins can be as safe as regulated financial products like money market funds.
Bank vault (Unsplash)
By Austin Campbell
Feb 14, 2023 at 4:00 p.m. UTC
Feb 14, 2023
OpinionPaxosBUSDStablecoinsbanksSEC
Binance CEO Changpeng Zhao (Casper Labs)
Policy
Regulations
Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act
Changpeng Zhao said Binance will continue working with other stablecoin issuers, and that he’s skeptical about claims Circle raised alarm bells with regulators.
Binance CEO Changpeng Zhao (Casper Labs)
By Jack Schickler
Feb 14, 2023 at 3:18 p.m. UTC
Feb 14, 2023
RegulationsBinanceBUSDCircleStablecoinsChangpeng "CZ" Zhao
Regulator action against BUSD is sending investors rushing to tether. (Brian Merrill/Pixabay)
Markets
Stablecoins
Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show
Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said.
Regulator action against BUSD is sending investors rushing to tether. (Brian Merrill/Pixabay)
By Omkar Godbole
Feb 14, 2023 at 12:29 p.m. UTC
Feb 14, 2023
StablecoinsPaxosBUSDMarketsDeFi