What I find a bit odd is that BUSD gets targeted first. What about Tether and USDC?
Right, I'm curious about this as well. USDT and USDC are much larger than BUSD, why are they going after BUSD first?[/quote]
Now what will be the consequences according to you:
1.. Binance will have to undergo liquidity issues
2. Will it have a major impact on Bitcoin Prices
Any other please share your opinion...
Paxos is just halting the issuance of new BUSD, they will still continue redemption. So a liquidity issue for Binance is unlikely here.