Erik on Nostr: #Binance’s #Stablecoin Partner #Paxos Probed by New York Regulator Paxos, based in ...

#Binance’s #Stablecoin Partner #Paxos Probed by New York Regulator

Paxos, based in New York, operates Binance’s BUSD in a partnership with the world’s biggest digital-asset exchange. The token has a $16 billion market value, making it the largest stablecoin after Tether and USD Coin, according to CoinGecko. Pax Dollar — or USDP — has a market value of $859 million.

https://ca.finance.yahoo.com/news/binance-stablecoin-partner-paxos-probed-011436372.html

#digitalcurrency