Crypto Crackdown Puts Binance-Linked Stablecoin in Crosshairs

The Binance logo on a laptop computer arranged in the Brooklyn borough of New York, US, on Tuesday, Feb. 14, 2023. The New York State Department of Financial Services said it had directed Paxos Trust Co. to stop issuing new tokens of crypto's third largest stablecoin, a Binance-branded coin known as BUSD that has roughly $16 billion in circulation. Photographer: Gabby Jones/Bloomberg via Getty Images
The Binance logo on a laptop computer arranged in the Brooklyn borough of New York, US, on Tuesday, Feb. 14, 2023. The New York State Department of Financial Services said it had directed Paxos Trust Co. to stop issuing new tokens of crypto's third largest stablecoin, a Binance-branded coin known as BUSD that has roughly $16 billion in circulation. Photographer: Gabby Jones/Bloomberg via Getty Images
Crypto Crackdown Puts Binance-Linked Stablecoin in Crosshairs
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February 14, 2023
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PAXOS BUSD
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