Stablecoin issuer Paxos reportedly probed by New York regulators

Stablecoin issuer Paxos reportedly probed by New York regulators

Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar…

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