PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can convert PYUSD to other PayPal-supported digital assets.
Binance Australia abruptly announced that it was "unable to facilitate PayID AUD deposits for Binance users" because of a decision made by their third-party payment service provider.
Voyager Digital announced that most of its creditors had voted in favor of its restructuring plan that will see Binance.US acquire around $1 billion in frozen assets.
The SEC has sent a "Wells notice" to Paxos Trust over its use of BUSD; although Paxos' BUSD is "approved and regulated" by the NYDFS, the SEC appears to regard it as an unregistered security.
