CZ Addresses Paxos, BUSD Issues; Circle Denies SEC Notice


  • Binance CEO Changpeng Zhao addressed issues around Paxos and BUSD stablecoin.
  • Circle denied that it has received a Wells notice from the SEC.
  • Siemens announced its issuance of 1st digital bond on Polygon.

CZ Addresses Rumors about Circle Telling Regulators to Look into Paxos/BUSD

Binance CEO Changpeng Zhao addressed various issues related to Paxos and the BUSD stablecoin in a wide-ranging Twitter Spaces AMA on Feb. 14. CZ welcomed more stablecoin alternatives and that he ultimately supported more diffusion and competition in the marketplace. He also said he believed there is no substance to recent reports that Jeremy Allaire, founder of Circle, secretly told New York regulators to look into Paxos and BUSD.

Circle Denies Receiving Wells Notice from SEC

Circle, which issues the USDC stablecoin, denied receiving a Wells notice in a tweet by CSO Dante Disparte on Feb. 14. Unsubstantiated rumors had earlier suggested that the U.S. Securities and Exchange Commission had sent such a notice to Circle, which would mean that the regulator planned to start enforcement against the company.

Siemens Announces Issuance of Digital Bond on Polygon

Germany’s third-largest publicly traded company by market cap, Siemens, announced its issuance of 1st digital bond on Polygon – an Ethereum-based platform for building decentralized applications (DApps) & smart contracts – with an initial value of 100 million Euro ($122 million). The move marks one of the largest corporate issuances of digital bonds on blockchain technology thus far.

Other News From CryptoSlate Wrapped

Other news from today’s edition of CryptoSlate Wrapped included: news about Polygon-based bonds; AI tokens; Sam Bankman-Fried’s VPN use; Binance’s endorsement of ChatGPT; Peter Schiff’s anti-crypto sentiments; plus more other topics.

CryptoSlate Wrapped presented all kinds of news from within the cryptoverse today, ranging from developments with Paxos/BUSD stablecoins to bonds issued on Polygon’s blockchain network & AI tokens being created – plus much more besides!