New York Regulator Launches Investigation into Stablecoin Issuer Paxos – Binance BUSD in Trouble?

Paxos, a prominent player in the stablecoin market that issues Binance USD (BUSD) and the native Paxos stablecoin USDP, is reportedly under investigation by the New York Department of Financial Services (NYDFS). This could be what has drawn attention from authorities, as the SEC forced Kraken this week to close staking facilities.... Read More: New York Regulator Launches Investigation into Stablecoin Issuer Paxos – Binance BUSD in Trouble?