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Stablecoin Supplier Paxos to Pay $26.5M High quality to Settle Fees Associated to Binance – Decrypt

In short New York-based fintech Paxos labored with Binance to mint the BUSD stablecoin. It stopped working with Binance in 2023. New York’s regulator has mentioned Paxos pays a $26.5 million penalty for not doing due diligence on Binance. Stablecoin…

