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PayPal halts stablecoin launch amid BUSD and Paxos scrutiny

Crypto firm Paxos has stopped minting BUSD amid regulatory scrutiny, prompting its partner PayPal to back out of its own stablecoin launch.

BUSD is dead, long live USDT

Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.

Despite community concerns, a vote to deploy Uniswap v3 on BNB Chain has passed with over 80% of the vote.

Binance failed to separate reserves for its pegged “B Tokens” and instead commingled them with client funds.