• Written by: Mishal Ali
  • Fri, 17 Feb 2023
  •   Estonia

Circle, the company operating the USDC stablecoin, alerted the New York Department of Financial Services (NYDFS) to potential issues in blockchain data showing Binance did not have enough crypto in reserve to support its issued tokens, Bloomberg reported on February 13th. It resulted in NYDFS directing Paxos, which shares a regulator with Binance, to end […]

Circle Sounds Alarm Over Binance’s USDC Stablecoin Reserve Shortage To NYDFS