Category: Ethereum News

A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap.

One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging and staking opportunities.

The company’s complaint to the New York regulator reportedly came before the SEC’s lawsuit against Paxos over BUSD and NYDFS ordering the firm to “cease […]

Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program.

The proposed rule change, putting crypto at one of the highest risk ratings at financial institutions, could go into effect until December 2024.

Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy.

All existing BUSD tokens will remain fully backed and redeemable through Paxos Trust Company by at least February 2024, Paxos said.

Binance CEO Changpeng ‘CZ’ Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the […]

Members of the community were confused and argued that people buying the stablecoin are not expecting it to go up in value.

The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments.