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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.

Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday.

Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday.