> open event/sog_ev_busd_2023_02_wind_down
Paxos announces BUSD minting halt and wind-down
Paxos announced it would end its relationship with Binance for BUSD and stop issuing new BUSD, while continuing redemption support during the wind-down period.
Impacthigh
Sources1
| Date | 2023-02-13 |
|---|---|
| Type | wind_down_announced |
| Stablecoin | Binance USD (BUSD) |
| Issuer | Paxos |
| Impact | high |
| Confidence | medium |
| Sources | 1 |
| Source | Publisher | Type |
|---|---|---|
| Paxos to end relationship with Binance for BUSD | Paxos | issuer_statement |
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