Breaking: Paxos Terminates Partnership with Binance, Stops Min | CryptoExplorer ✪

Breaking: Paxos Terminates Partnership with Binance, Stops Minting BUSD
Paxos, the premier regulated blockchain and tokenization infrastructure provider, has announced that it will end its relationship with Binance for the BUSD stablecoin brand. The decision, which comes in close coordination with the New York Department of Financial Services (NYDFS), will take effect on February 21, 2023. Paxos maintains that customer safety has always been its top priority. And this will not change in the wake of the recent announcement, the firm said. BUSD stablecoin will continue to be fully supported by Paxos, with all BUSD tokens issued backed 1:1 with US dollar reserves, held in segregated accounts. Read more