"The Migration Journey of Binance Stablecoins: From BUSD, FDUSD to the Latest Product" (Author: @agintender) February 13, 2023 – The reasoning from regulators was crystal clear and fatal: Paxos failed to effectively oversee its relationship with Binance, particularly regarding the issuance of Binance-Peg BUSD. This led to the compliant BUSD being used as a backing tool for unauthorized derivatives. FDUSD seems more like a strategic buffer—it addresses the shift in compliance location (from the U.S. to Hong Kong), but it remains a traditional, centralized stablecoin issued by a third party. It doesn’t solve the core issue, and if regulators target the issuer again, Binance will still be in a passive position. Unlike the BUSD era, which aimed to eliminate USDC, U has adopted a "Meta-Stablecoin" strategy. Behind U is a basket of assets. Read the full article: http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=53908