Binance’s Stablecoin Under Fire: Rival Circle Sounds the Alarm to NY Regulators
Circle, the US-based payments company that issues the USD coin (USDC) stablecoin, alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies. Notably, on Monday, blockchain infrastructure platform Paxos was ordered to stop minting Binance USD (BUSD) stablecoins….
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