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Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
The BUSD supply decreased by more than 6% since Monday.
By
Krisztian Sandor
Updated Feb 15, 2023, 4:13 p.m.
Published Feb 14, 2023, 6:03 p.m.
Nansen data shows that Paxos has been burning BUSD every few hours since Monday morning. (Nansen)