[pffft8888]

Who gets to define them as unregistered securities? The SEC claimed BUSD is a security and shut it down. If stabelcoins pegged against the dollar with provable 1:1 reserves are a security then... SEC needs to be dismantled or reset.

[martin8412]

BUSD are two different currencies operated by different entities, while pretending it was the same, or it was anyway. The one backed 1:1 was offered by Paxos in the US and the other printed by Binance as they saw fit, while pretending it was the same. That's why it was killed off.