Binance USD (BUSD) Crypto News Today

Binance USD (BUSD) is a stablecoin pegged to the U.S. dollar released by Paxos in partnership with Binance. In February 2023, the U.S. SEC suggested BUSD was an unregistered security in a Wells notice issued to Paxos. 

The New York Department of Financial Services also ordered Paxos to halt the issuance of BUSD. Binance ended support for BUSD starting on Dec. 15, 2023, following Paxos halting the minting of new coins.

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