Feb 13 (Reuters) - Paxos said on Monday it had received
a notice from the U.S. Securities and Exchange Commission
stating it is considering recommending an action alleging that
BUSD is a security and the blockchain firm should have
registered the offering under the federal securities laws.
BUSD is a fiat-backed stablecoin issued by Binance and
Paxos.
(Reporting by Manya Saini in Bengaluru; Editing by Krishna
Chandra Eluri)
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