Cryptocurrency exchange Binance plans to continue supporting its Binance USD stablecoin (BUSD) despite its issuer Paxos facing a stop order from American regulators. According to Zhao, Paxos will continue to service BUSD and manage redemptions and has also made assurances of its reserves which have been audited by multiple parties. As a result of the enforcement action, the Binance CEO said that BUSD market cap will decrease over time and the exchange will explore non-USD based stablecoins. More info: https://bit.ly/3E2mBWu