2min chapter

The Defiant - DeFi Podcast cover image

Are Stablecoins Securities?

The Defiant - DeFi Podcast

CHAPTER

Paxil - Is Binance Going to Stop Issuing Binance USD?

Paxos is going to stop issuing Binance USD which is a top four stable coin at this point. Paxos said they were ordered to buy the new New York Department of Financial Services and that was confirmed by CZ who's the CEO of Binance. Just again you're seeing the tightening of the the screws in terms of general enforcement especially with stable coins as we are just discussing so something that's interesting there is that it is using kind of a different argument each timeso that makes it even harder to discern what's happening.

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