Binance USD Stablecoin to Be Delisted From Coinbase, Trading to Halt Starting March 13: All Details

Binance USD Stablecoin to Be Delisted From Coinbase, Trading to Halt Starting March 13: All Details

ByNews Polite

Coinbase, one of the world’s largest crypto exchanges, has decided to delist the Binance USD (BUSD) stablecoin starting March 13. The decision comes in the backdrop of the BUSD token facing legal challenges in the US. Paxos, the stablecoin issuer that wholly owned and managed the Binance USD stablecoin is…

Binance’s Stablecoin Company Paxos in Discussions With US SEC Over Security Token

Binance’s Stablecoin Company Paxos in Discussions With US SEC Over Security Token

ByNews Polite

The firm behind Binance’s stablecoin, Paxos Trust Company, is in discussions with the U.S. Securities and Exchange Commission after the regulator told the company it should have registered the token as a security, according to an internal email from Paxos’ chief executive officer. “We are engaged in constructive discussions with…

PayPal Pauses Work on Stablecoin Amid Increased Crypto Scrutiny by Regulators

PayPal Pauses Work on Stablecoin Amid Increased Crypto Scrutiny by Regulators

ByNews Polite

PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. PayPal had hoped to debut the stablecoin, which will be backed one for one by the…