Now we turn to Binance for the latest updates on the BUSD lawsuit between Paxos and the SEC with Changpeng Zhao, commonly known as CZ in the industry, who is the CEO of Binance that uses the BUSD stablecoin. Paxos is the issuer and auditor of the BUSD stablecoin, and the SEC is pursuing legal…
Tag: stable coin
Stable Coins: Potential Risks and Pitfalls to Avoid
Stable coins are digital currencies that are designed to maintain a stable value, usually pegged to a fiat currency such as the US dollar. The case against stable coins is that they may pose a number of risks to the financial system, including: Lack of transparency: Some stable coins may not provide enough information about…