Paxos-BUSD Dispute Triggers Large-Scale Withdrawals from Binance
BUSD increases on CEXes, Paxos experiences burn of over 400 million BUSD coins. The Stablecoin market drops to $15.8 billion.
BUSD increases on CEXes, Paxos experiences burn of over 400 million BUSD coins. The Stablecoin market drops to $15.8 billion.
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Circle complained to NYDFS about Binance’s mismanagement of reserves for its BUSD stablecoin before it was asked to stop issuance.
The Binance CEO stressed that Paxos, not Binance, issued BUSD.
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