Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.
The Aave community members are considering a proposal that seeks to freeze BUSD reserves on Aave V2 following the recent crackdown on the stablecoin by regulators.
NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins.
Mastercard announced its partnership with Paxos, a crypto brokerage platform, to allow banks to offer custodial and crypto trading services to clients.
NYDFS has ordered Paxos to stop issuing new BUSDs. This action by the regulator might cause a decrease in the BUSD market cap over time and users' migration to other stablecoins.
Mastercard announced its partnership with Paxos, a crypto brokerage platform, to allow banks to offer custodial and crypto trading services to clients.