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.