This could be the end of a stablecoin with a $12 billion market capitalization.
Details
: Paxos said that it facilitated redemptions of $2.8 billion in BUSD last week from Feb. 14 to Feb. 17.It intends to go to battle with the SEC: "We are engaged in constructive discussions with the SEC, and we look forward to continuing that dialogue in private. Of course, if necessary, we will defend our position in litigation.
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