Paxos forced to stop issuing $BUSD by NYDFS
All eyes on $USDC now
wsj.com/articles/crypt…
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Given that $BUSD can now only be redeemed, don’t be surprised if you see the $BUSD peg on secondary markets trade at >$1 for periods of time, peg arbitrage can now only happen in one direction
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@ChainLinkGod Seems like putting the reins on stables to force exchanges into new upcoming CDBC’s is slowly becoming a reality
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@ChainLinkGod USDC is safe.
It is an obvious coordinated attack on binance.
I predict in the next six months a binance clawback from FTX.
Just after the relaunch and rebranding of FTX to make it effective.
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@ChainLinkGod Comfy betting on these pegs
twitter.com/thebitresearch…
TheBit Research@TheBitResearch
Afraid of $BUSD and @PaxosGlobal FUD ? 1- Go to @y2kfinance 2- purchase a hedge position that costs 20/1 3- If any deppeg happened, you will be protected 4- Your position is triggered once $BUSD price reaches 0.998 🙂🙂 and you can do 20x #doomsdayclock $USDT $USDC $FRAX $DAI
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@ChainLinkGod Stopped using UNPegged Dollar BNB would be more accurate.
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@ChainLinkGod Step 1: kill the big centralised back bones of defi
Step 2: prod at all the weak designed “stable coins” leveraging on the stability of busd/usdc/usdt
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