Tag: BUSD

The company’s CEO said it wants the conversations to remain private, at least for now.

Paxos CEO Charles Cascarilla said the business was “engaged in productive negotiations” with the SEC and will continue to communicate privately.

The Securities and Exchange Commission is reportedly preparing to take action against Paxos Trust Co, which could probably have significant implications for all stablecoins, including tether and USDC, the two…

The firm behind Binance’s stablecoin, Paxos Trust Company, is having constructive discussions with the U.S. Securities and Exchange Commission after the firm disclosed that the regulator told the company it…

Only time will tell now whether or not the SEC will heed caution to proceed with its Paxos crackdown or not.

Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is…