Raffaele
Sat Jun 29 2024
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6 answers
877
Is Paxos no longer issuing busd?
Recently, there have been whispers in the crypto community that Paxos, a well-known digital asset issuer, has ceased issuing BUSD, a popular stablecoin pegged to the US Dollar. This has raised a number of concerns among investors and traders alike, as BUSD plays a crucial role in the decentralized finance ecosystem. Could you clarify if Paxos has indeed stopped issuing BUSD? If so, what are the reasons behind this decision? How will this impact the liquidity and stability of BUSD? And what alternatives do investors have if they were relying on Paxos for their BUSD supply? Clarifying these points would greatly help us understand the current situation and make informed decisions in this rapidly evolving crypto landscape.
