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by pocket_cheese
1216 days ago
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The company that mints BUSD Paxos actually is the most regulated crypto company in the US. They are a trust and have proof of reserves which is audited by a big 4 accounting firm every month. My very amateur guess is that Paxos sees stability issues with Binance and wants to cut ties, or they are getting too much regulatory scrutiny to make it worth it and are dropping them like a bad habit. |
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You say that as if it means something. Enron routinely passed audits from a Big 4 company.