Paxos BUSD issuer to be sued by the SEC and stop parternship with Binance
The New York State Department of Financial Services has directed Paxos to cease the issuance of its Binance USD (BUSD) stablecoins.
The regulator has taken this action due to "unresolved issues" related to Paxos' relationship with Binance. BUSD is Binance's dollar-pegged stablecoin, which is used