Bitcoin $116,020.39 +0.07%
Ethereum $4,619.19 -0.99%
BNB $933.64 0.00%
Optimism $0.79 -4.35%
Arbitrum $0.52 -4.91%
Solana $243.00 +1.07%
Polygon $0.22 +2.77%
Cosmos $4.67 -3.45%
Avalanche $29.40 -1.83%

Bitcoin $116,020.39 +0.07%
Ethereum $4,619.19 -0.99%
BNB $933.64 0.00%
Optimism $0.79 -4.35%
Arbitrum $0.52 -4.91%
Solana $243.00 +1.07%
Polygon $0.22 +2.77%
Cosmos $4.67 -3.45%
Avalanche $29.40 -1.83%

Crypto Firm Paxos To Stop Issuing Dollar-Pegged Binance Token

New York regulators directed a crypto company to stop issuing one of the largest dollar-pegged cryptocurrencies, as a government clampdown on the sector widens.

The New York Department of Financial Services ordered Paxos Trust Co., which issues and lists Binance’s dollar-pegged cryptocurrency, to stop creating more of its BUSD token, Binance said in a statement. Paxos will continue to manage redemptions of the product, the giant crypto exchange added.

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BUSD $1.00

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Paxos

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Crypto Firm Paxos To Stop Issuing Dollar-Pegged Binance Token

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