Were any of the regulatory concerns regarding BUSD actually genuine? I doubt that. I think the attack on it was all part of the war on crypto.
Were any of the regulatory concerns regarding BUSD actually genuine? I doubt that. I think the attack on it was all part of the war on crypto.
Yes, Binance are super dodgy haha.
Paxos is regulated in the state of New York. As far as I know, NY is a stringent regulator. There has been no reason to suspect wrongdoing on the part of Paxos. BUSD is actually a wrapped coin on Binance Smart Chain. If the wrapper works properly, there is no reason at all to think there is something wrong with BUSD.
But that's the thing, that regulator is now after PAXOS.
So they've stopped minting new BUSD.
Yep. This has implications concerning CubDefi. Not urgent ones but at some point it will become necessary to use another stablecoin if a stablecoin pair is kept around.
Add the SWAP.HBD:SWAP.BUSD LP on Hive-Engine too.