Stablecoin
Former Paxos Head of Portfolio Management on 'Noise and Confusion' Around Stablecoins
Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell discusses the case for stablecoins and how it is a "very simple instrument." Campbell added, "One of the things that's always been a little bit confounding to me is the extreme sort of noise and confusion around [stablecoins] when really, they work very similarly to the things we're already familiar with and quite frankly had a great deal of reform in."
Stablecoin Issuer Paxos Burns $700M Binance USD Amid Regulatory Pressure
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. That was when Paxos announced it would stop issuing the cryptocurrency amid mounting regulatory pressure, blockchain data shows. Jesse Austin Campbell, Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor, discusses his outlook for the stablecoin market and crypto regulation.
Paxos to Stop Minting Stablecoin BUSD: What Happens Next?
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campbell weighs in. "The lesson showing people here is that over the last few years, the greatest mistake is to be an on shore regulated company in the crypto space," Campbell said.
The SEC Is Taking Aim at Paxos and (Annoyingly) It’s Good for Bitcoin
While the largest cryptocurrency has not been a direct focus for regulators, bitcoiners should not become cheerleaders.
A SEC está mirando em Paxos e (irritantemente) é bom para Bitcoin
Embora a maior Criptomoeda não tenha sido o foco direto dos reguladores, os bitcoiners não deveriam se tornar líderes de torcida.
La SEC está apuntando a Paxos y (molesto) es bueno para Bitcoin
Si bien la Criptomonedas más grande no ha sido un foco directo para los reguladores, los bitcoiners no deberían convertirse en animadores.
La SEC sta prendendo di mira Paxos e (fastidiosamente) è un bene per Bitcoin
Sebbene la più grande Criptovaluta non sia stata un obiettivo diretto per i regolatori, i bitcoiner non dovrebbero diventare cheerleader.
La SEC vise Paxos et (c'est ennuyeux) c'est bon pour Bitcoin
Même si la plus grande Cryptomonnaie n’a pas été une priorité directe pour les régulateurs, les bitcoiners ne devraient pas devenir des pom-pom girls.
Ang SEC ay Naglalayon sa Paxos at (Nakakainis) Ito ay Mabuti para sa Bitcoin
Habang ang pinakamalaking Cryptocurrency ay hindi naging direktang pokus para sa mga regulator, ang mga bitcoiner ay hindi dapat maging mga cheerleader.
BUSD Stablecoin Inches Toward $1 Peg After Binance CEO Comments
Changpeng Zhao on Tuesday distanced himself from the Binance-branded stablecoin.
