Stablecoin


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Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security

Paxos acknowledged it received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming based on the charge that its Binance USD (BUSD) stablecoin constitutes an unregistered security, according to a Monday press release. But the stablecoin issuer said it "categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws." CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what we know so far and the larger implications for crypto regulation.

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Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.

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Mercati

La capitalizzazione di mercato di 16 miliardi di $ di Binance USD è in palio mentre l'azione normativa di Paxos scatena la rivalità sulle stablecoin

La stablecoin USDT di Tether sarà probabilmente la grande vincitrice, poiché Paxos interromperà l'emissione della stablecoin Binance USD dopo essere stata citata in giudizio dal principale organo di controllo dei titoli azionari degli Stati Uniti.

(Antonio Masiello/Getty Images)

Video

Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and the wider implications for crypto regulation.

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Finanza

PayPal mette in pausa il progetto Stablecoin: Bloomberg

Giovedì è stato riferito che il partner Cripto di PayPal Paxos è stato indagato dal NYDFS

Sede de PayPal. (Shutterstock)

Finanza

Le riserve dell'emittente di stablecoin Tether sono in parte gestite da Cantor Fitzgerald: WSJ

Secondo il rapporto, il colosso del trading BOND di Wall Street sta gestendo il portafoglio BOND di Tether da 39 miliardi di dollari.

Hedge funds are increasingly betting against Tether. (Andreas Wagner/Unsplash)

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Stablecoin Issuer Paxos Is Being Investigated by New York Regulator

The New York Department of Financial Services (NYDFS) is investigating stablecoin issuer Paxos, CoinDesk has learned. The full scope of the investigation is unclear. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments.

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Tether Reports $700M Profit For Q4 2022 In Latest Attestation Report

Tether, issuer of the world's largest stablecoin, reported a $700 million profit in the fourth quarter of 2022 and said it completely moved away from holding commercial paper as part of the reserves backing its USDT token. "The Hash" panel discusses the latest from Tether and the larger implications for the stablecoin market.

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