This DeFi Platform Has Frozen Its BUSD Reserves; Which Ones Are Next?

Paxos, the leading regulated blockchain and tokenization infrastructure platform, recently announced that it will be terminating its collaboration with Binance for issuing the top stablecoin BUSD. This comes after the regulatory authority, NYDFS, ordered Paxos to stop minting new BUSD tokens citing abnormalities in the process. In response to this, a number of DeFi initiatives have decided to put an end to the BUSD-based lending market with Aave being the first.