BUSD is not clown money; it's pretty tightly regulated by the state of New York.... | Hacker News

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wmf on Dec 13, 2022 | parent | context | favorite | on: Binance freezes withdrawals of stablecoin USDC as ...

BUSD is not clown money; it's pretty tightly regulated by the state of New York.

It looks like Binance just redeemed $700M of BUSD, presumably to convert it to USDC. https://twitter.com/whale_alert/status/1602741130394845185

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