The SEC has officially ended its investigation into Paxos, concluding that BUSD is not a security. Back in 2022, BUSD was a major player among stablecoins, boasting a market cap of about $23 billion. However, an investigation by the SEC led Binance to delist BUSD and remove it from all trading pairs. 🚨BREAKING: 🇺🇸 SEC officially gives up on stablecoin issuer Paxos investigation, declares $BUSD is not a security. #Bullish 💯 — CoinEcho (@mycoinecho) July 11, 2024 At a time when interest rates stood at 5.5%, the $23 billion in BUSD could have generated approximately $1.265 billion in a year
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