USDC faces SEC enforcement amid stablecoin crackdown

The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.
The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.
Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.