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Do algorithmic stablecoins have a future as centralized coins are under scrutiny? By Cointelegraph

April 1, 2023
in Business
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Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the USA greenback, minted by blockchain infrastructure platform, the Paxos Belief Firm, by way of a switch of know-how settlement between the 2 companies.

Nonetheless, on Feb. 13, the New York Division of Monetary Companies ordered Paxos to cease minting any new BUSD tokens.

Binance minted TrueUSD after BUSD’s ban. Supply: Twitter

Proceed Studying on Coin Telegraph



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Tags: algorithmiccentralizedcoinsCointelegraphfuturescrutinystablecoins
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