Paxos Trust Co.’s move to halt issuing more of the Binance-branded stablecoin BUSD amid pressure from US regulators is trickling down into the world of decentralized finance.
Advocates of DeFi have long championed the system — which lets people trade, lend and borrow without intermediaries and often anonymously through the use of automated protocols — as the successor to so-called centralized finance.
Credit: Source link
