Tether Emerges as Winner as Stablecoins Wobble Amid Uncertainty Over Binance USD Token

Tether has emerged as a winner amid ongoing uncertainty in the stablecoin market, after New York-based Paxos Trust Company, which mints Binance's stablecoin, said it would cease issuing new BUSD tokens. US regulators' designation of Binance USD as an unregistered security has left investors questioning the future shape of the market for these tokens.

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