Crypto firm Paxos ordered to stop issuing Binance stablecoin

A coin is set aflame to reveal a digital wireframe underneath. Illustration by Alex Castro / The Verge

New York regulators have ordered the cryptocurrency firm Paxos to stop issuing Binance USD (BUSD) — the third largest stablecoin by market cap and pegged to the US dollar — over concerns that it can’t “safely” issue the token, as reported earlier by Reuters and ...

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