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Binance coin slumps as Paxos ordered to stop issuing dollar-based token

Por: MarketWatch Business February 13, 2023

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On Monday, Paxos Trust had been ordered by the New York Department of Financial Services to cease minting new BUSD tokens. Paxos confirmed it will stop the issuance of BUSD tokens effective Feb. 21 but continue to manage BUSD dollar reserves. “BUSD will remain fully supported by Paxos and redeemable to onboarded customers through at least February 2024,” the company said in a statement. The BUSD token was trading just below parity on Monday,... + full article



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