← Back to context

Comment by Saline9515

4 months ago

https://www.dfs.ny.gov/consumers/alerts/Paxos_and_Binance

It was approved by the New York State Department of Financial Services (NYDFS).

2 comments

Saline9515

Reply
jqpabc123  4 months ago

From your reference:

      The Department has not authorized Binance-Peg BUSD on any blockchain, and Binance-Peg BUSD is not issued by Paxos.

If you insist, feel free to replace BUSD with an unregulated "stable coin" of your choice. How about FDUSD?

  • Saline9515  4 months ago

    The sentence right before says "It is important to note that the Department authorized Paxos to issue BUSD on the Ethereum blockchain."

    As far as I know Binance ended the Binance-pegged BUSD (the BNB chain version bridged from ethereum) without any problem or holder loss?