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cryptonews

2023-02-14 11:15:00

Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard to the Binance USD (BUSD) stablecoin.... Read More: Binance's Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators

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