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Paxos To End Its Canadian Operations on June 2nd
/ Market Analysis

Paxos To End Its Canadian Operations on June 2nd

Paxos announced it is preparing to leave Canada, and urged its Canadian users to withdraw their funds as soon as possible.

April 12, 2023
Binance’s BUSD Was Once a Top Stablecoin, But Now Rendered Obsolete by Regulations

Binance’s BUSD Was Once a Top Stablecoin, But Now Rendered Obsolete by Regulations

Following the demise of BUSD, both USDT and USDC gained more inflows than other alternatives combined.

February 27, 2023
Paxos Strongly Disagrees With SEC on BUSD, Willing to “Vigorously Litigate”

Paxos Strongly Disagrees With SEC on BUSD, Willing to “Vigorously Litigate”

Paxos recently confirmed it had received a Wells notice from the SEC and stated it is willing to fight the allegation that BUSD is a security.

February 13, 2023
Circle Allegedly Warned NYDFS That Binance Wasn’t Properly Backing Tokens

Circle Allegedly Warned NYDFS That Binance Wasn’t Properly Backing Tokens

Circle, best known as the issuer of USDC, reportedly triggered the investigation of Paxos by filing a BUSD-related complaint in late 2022.

February 13, 2023
BUSD Issuer Ordered to Stop Minting New Tokens: Report

BUSD Issuer Ordered to Stop Minting New Tokens: Report

New York financial regulator has ordered Paxos to stop issuing the dollar-pegged BUSD.

February 13, 2023