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The BUSD V2 dashboard shows that the embattled stablecoin accounted for roughly 81% of the pool's $12.85 million reserve, while USDT made up 4%.
CZ believes there is no substance to reports that Jeremy Allaire, founder of Circle, secretly told New York regulators to look into Paxos and BUSD.
AI will be essential to the widespread adoption of blockchain technology as ChatGPT helps users learn in their own way according to Binance
Binance USD (BUSD) issuer Paxos burnt $342 million worth of the stablecoin during the previous 24 hours, according to Etherscan data.
Circle allegedly reported the stablecoin prior to today's NYDFS crackdown.
Following Paxos move to halt minting BUSD, the Aave community has initiated a proposal to freeze its BUSD holding on Aave V2 Ethereum market.
Ryan Selkis callled out Gary Gensler on Twitter, calling Gensler "a fraud" — especially over his links with the banking industry.
CZ doubled down on his belief that BUSD should not be subject to US securities law and that that the exchange will continue to support BUSD.
The SEC has issued a Wells notice to Paxos regarding Binance USD, although it is uncertain whether the notice relates to issuance or listing.
