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Binance says the NYDFS ordered Paxos to stop issuing more of its Binance USD stablecoin, which has 6.2M holders; Paxos will continue redemptions (Wall Street Journal)

Photo of Grace Will Grace Will February 13, 2023
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Binance says the NYDFS ordered Paxos to stop issuing more of its Binance USD stablecoin, which has 6.2M holders; Paxos will continue redemptions (Wall Street Journal)
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Wall Street Journal:

Binance says the NYDFS ordered Paxos to stop issuing more of its Binance USD stablecoin, which has 6.2M holders; Paxos will continue redemptions  —  Firm will continue to manage redemptions of the product  —  New York regulators directed a crypto company to stop issuing …



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