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Aave can freeze stablecoin from Binance

by Vaibhav
February 14, 2023
in News
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Aave can freeze stablecoin from Binance
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Aave look proposition about the freezing of Binance USD (BUSD) on the background of the SEC’s pressure on Paxos, a partner of the exchange with the issuance of a stablecoin.

Behind the words of the author of the initiative, є risks of vіdv’yazki and arbitrage on aphids, zeroing out the market proposition of the crypto asset. And also adding that BUSD does not have prospects for growth.

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At the time of writing, the petition had received over 1,300 reviews, nine praises and chotiri vodguki, with some words of encouragement. One of the correspondents called and called for the liquidation of BUSD to reduce potential risks.

On February 13, the stablecoin rate at the moment dropped to $0.995, which led to the standard parity allowances. CoinGecko.

Context. On the 10th, it became known that the New York State Department of Financial Services іnіtsіyuvav rozslіduvannya shodo Paxos.

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Later, the regulator punished Paxos to issue BUSD. Її representatives confirmed that they will open the distribution of Binance for a stablecoin, and from 21 fiercely start issuing new coins. If so, the company will continue to support operations on the basis of redemption and conversion at least until the fierce year 2024.

Journalism The Wall Street Journal povidomili about namir SEC to file before the Paxos court for the fate of the issuance of BUSD. At Reuters z’yasuvaliThat Paxos did not secure the security of the stablecoin, which could lead to illegal action, is good for the NYDFS.

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