Analysis
BNB tumbles more than 9% after Paxos news
Binance Coin (BNB) has taken a hit as US regulators reportedly take a closer look at BUSD.
Dorian Batycka 2 min read Stablecoins News
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
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Dorian Batycka 2 min read 
Regulation
Circle reportedly informed NYDFS about Binance’s BUSD
Circle allegedly reported the stablecoin prior to today's NYDFS crackdown.
Stablecoins
USDC market cap has shrunk almost $7B since October 2022
The Tether stablecoin has also seen a small decline but remains steady with a market cap of $68.9 billion.
More Stablecoins News & Analysis
Stablecoins
Aave community initiates proposal to freeze BUSD with Paxos’ halt of token minting imminent
Following Paxos move to halt minting BUSD, the Aave community has initiated a proposal to freeze its BUSD holding on Aave V2 Ethereum market.
Analysis
CZ issues response to SEC vs. Paxos lawsuit
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.
Legal
The SEC may potentially sue Paxos over BinanceUSD – WSJ
The SEC has issued a Wells notice to Paxos regarding Binance USD, although it is uncertain whether the notice relates to issuance or listing.
Stablecoins
PayPal puts its stablecoin project on hold
Changes in the regulatory landscape seem to have stalled the project.
Stablecoins
Wall street institution Cantor Fitzgerald reportedly manages $39B of Tether’s reserves
Tether reported that it held assets worth $67.04 billion as of Dec. 31 — the assets included $39.2 billion of U.S. Treasury bills.
Rumors
Paxos refutes bank charter rejection rumors
Stablecoin issuer Paxos said that it has not been denied a national bank charter from the Office of the Comptroller of the Currency (OCC).
