CZ tweeted in response to the recent "SEC investigation of BUSD issuer Paxos": Paxos will continue to provide product services and manage redemption functions. Paxos also assures us that the funds are safe and fully covered by its bank reserves, which have been audited multiple times by multiple auditing firms.
Binance will continue to support BUSD for the foreseeable future. We do foresee users migrating to other stablecoins over time. We will also make corresponding product adjustments. For example, abandon using BUSD as the main trading currency, etc.
