Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure


CoinDesk
2023-02-14 18:03:30

The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure.