As you already know, Paxos has stopped issuing BUSD for Binance and entered into a legal battle with the SEC.
I was wondering what the ripple effects would be on PAXG and USDP. These two have been among the best and most transparent assets in the crypto world and have been audited by Withum monthly.
I've seen people discussing the loss of revenue for Paxos due to the break of their ties with Binance and how it could harm Paxos or even push them to bankruptcy. How true could this be?
Thanks! And have a great day!
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