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.
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The move follows the SEC's demand that crypto exchange Paxos stop minting Binance's BUSD stablecoin because it may be a security.
Crypto firm Paxos has stopped minting BUSD amid regulatory scrutiny, prompting its partner PayPal to back out of its own stablecoin launch.
Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.
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— Bitcoin
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