Event record
Reviewed event
Paxos announces BUSD minting halt and wind-down
Paxos announced that it would stop issuing new BUSD and end its relationship with Binance for the product. Redemptions continued during the wind-down period.
- Date
- 2023-02-13
- Affected records
- 2 linked records
1 stablecoin · 1 organization - Evidence
- 5 sources
5 evidence relations
Connected records
Affected records
Assets and organizations connected to this event.Sources
Evidence
Sources used for this record, with archival copies where available.| Source | Publisher and date | Relevance | Archive |
|---|---|---|---|
Paxos to end relationship with Binance for BUSDSource details
| Paxos Published 2023-02-13 | Discontinued Status | No archive recorded |
Paxos BUSD issuer contextSource details
| Paxos Published Not yet recorded | Entity Redemption Wind Down | No archive recorded |
Binance BUSD support phase-out noticeSource details
| Binance Published 2023-08-31 | Exchange Support Phaseout, Exchange adoption | No archive recorded |
SEC ends Paxos BUSD investigation, reportSource details
| Reuters Published 2024-07-11 | Regulatory Followup | No archive recorded |
Paxos Will Halt Minting New BUSD TokensSource details
| Paxos Published 2023-02-13 | issuer role, minting halt, reserve segregation, bankruptcy remoteness, and redemption wind-down | No archive recorded |
Official statement or announcement
HighPaxos to end relationship with Binance for BUSD
- Publisher
- Paxos
- Published
- 2023-02-13
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Discontinued Status
- Archive
- No archive recorded
- Reliability
- High
Official statement or announcement
MediumPaxos BUSD issuer context
- Publisher
- Paxos
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Entity Redemption Wind Down
- Archive
- No archive recorded
- Reliability
- Medium
Official statement or announcement
MediumBinance BUSD support phase-out notice
- Publisher
- Binance
- Published
- 2023-08-31
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Exchange Support Phaseout, Exchange adoption
- Archive
- No archive recorded
- Reliability
- Medium
Independent news or analysis
MediumSEC ends Paxos BUSD investigation, report
- Publisher
- Reuters
- Published
- 2024-07-11
- Provenance
- Independent third-party source
- Primary or secondary
- Secondary source
- Supported claims
- Regulatory Followup
- Archive
- No archive recorded
- Reliability
- Medium
Official statement or announcement
HighPaxos Will Halt Minting New BUSD Tokens
- Publisher
- Paxos
- Published
- 2023-02-13
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- issuer role, minting halt, reserve segregation, bankruptcy remoteness, and redemption wind-down
- Archive
- No archive recorded
- Reliability
- High
Maintenance