The move comes in response to Paxos' recent decision to stop minting new Binance USD (BUSD).
to data from Etherscan, and came two days after Binance CEO Chanpeng “CZ” Zhao mentioned in a Feb. 14 Twitter Spaces that Binance would look to “diversify” its stablecoin holdings away from BUSD.
crypto community members have questioned whether the real issue at hand is about stablecoins or BinanceThis is an excellent point. Paxos has been specifically targeted for BUSD, but not their own Pax dollar.It's almost as if a co-conspirator of Binance is informing on them.
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