Tether USDT Gains $1B as Paxos Burns Over $1.8B of BUSD
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.

The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
The report comes amidst the bankruptcy of the platform following reports of criminal activity by founder Sam Bankman-Fried and the company’s top executives.
Reports have revealed that his lawyers have dropped him as a client.
Exchange executives Nishad Singh and Ryan Salame were also the recipients of sizable loans.
DeFi lending platform Moola Market has been exploited for $8.4 million, according to various sources.
The latest raise is one of the largest-ever funding rounds for a DeFi protocol.
5ire, has received funding from UK-based conglomerate SRAM & MRAM to become the fastest growing blockchain unicorn in India and ...
PayPal-backed crypto firm Talos has raised fresh funding from companies like Ken Fox’s private equity firm Stripes, BNY Mellon, Citi and others.
Celsius CEO Alex Mashinsky said the oversubscribed $750 million round was a “very good testament” to the strength of the company’s borrowing and yield brand.