Zhao Changpeng: Paxos has guaranteed the safety of funds, and in the future, BUSD may no longer be used as the main trading pair

ChainCatcher news, Binance founder Changpeng Zhao responded to the recent SEC investigation into stablecoin issuer Paxos, stating: Paxos will continue to provide product services and manage the redemption function. Paxos guarantees that the funds are safe and can be fully covered by its bank reserves, which have been audited multiple times by several auditing firms… In the foreseeable future, Binance will continue to support BUSD. We do anticipate that users will migrate to other stablecoins over time. We will also make corresponding product adjustments. For example, we may abandon using BUSD as the primary trading currency, and so on. (Source link)