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Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show

Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said.

Regulator action against BUSD is sending investors rushing to tether. (Brian Merrill/Pixabay)
Regulator action against BUSD is sending investors rushing to tether. (Brian Merrill/Pixabay)