I am not over-reacting to this BUSD FUD. Basically... contrary | Blockchain Usa Official (Binance)

I am not over-reacting to this BUSD FUD. Basically... contrary to Terra and other collapses, nothing here is lost. The assets exist. They are 1:1 covered, even NY isn't disputing that. They just say it is a "security"... and worst case they order paxos to stop permanently issueing new, and give some time limit to people to convert.

Terra stable and other shit that went to zero is different than this. People panic when they don't understand. Yes, btc is at the crossroad now, but not due to paxos and busd.