Bloomberg reported that Circle, the issuer of the USDC stablecoin, filed a complaint to the regulator New York State Department of Financial Services (NYDFS) about the Binance USD (BUSD) coin not being fully backed. Yesterday it was announced that Paxos would stop issuing new BUSD at the instruction of NYDFS. The Circle complaint probably did not relate to the Paxos-issued coin […]
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Circle allegedly complained to regulator re Binance stablecoin
![Circle allegedly complained to regulator re Binance stablecoin]()
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February 14, 2023
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