The SEC is Not a Threat for the Stablecoin Market: Matrixport
According to Markus Thielen, head of research at Matrixport, the SEC is not tasked with destroying the market for digital currencies pegged to the dollar.
The ban on the issuance of the stablecoin Binance USD (BUSD) is most likely due to the fact that Paxos did not pay enough attention to this instrument.
He has this way commented on the decision of Paxos to stop issuing BUSD from February 21. This is a local problem, and the fiat-backed digital currency market will continue to develop.
The issuer of the token had to regularly monitor the state of the reserves in order to protect consumers.
He has noted that $4.8 billion worth of BUSD was placed on the Binance Chain blockchain. US regulators apparently had questions about securing these tokens.
