Unstablecoins: Depegging, financial institution runs and different dangers loom

Stablecoins are coming into a interval of nice uncertainty following the U.S. Securities and Alternate Fee labeling BUSD an unregistered safety and ordering Paxos to cease minting new tokens.

Do these strikes sign a wider battle by U.S. regulators on stablecoins? Might the SEC declare all stablecoins securities, or is BUSD a particular case?

Impartial crypto reporter Amy Castor, who has been overlaying cryptocurrencies since 2016, believes the BUSD crackdown is aimed squarely on the worlds largest crypto change, Binance:

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