Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show

.CurveFinance's liquidity pools show Investors are fleeing BUSD, USDC, DAI amid a regulatory crackdown on PaxosGlobal. reports godbole17

Paxos to stop minting new tokens. In response, Paxos said it would cease issuing new tokens, and would process redemptions until at least 2024.

"Curve's 3pool, in theory, should be three equal parts of DAI-USDC-USDT. But the pool has become wildly unbalanced as investors dumped USDC and DAI for USDT," Solot said. The move toward tether might be a surprise because the biggest centralized stablecoin is, perhaps, the most controversial, considering it is unregulated and the lingering lack of transparency about its reserves. On Friday, a New York Judge

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