The overall value of the cryptocurrency market has sunk to $1 trillion as a US regulator investigates stablecoin issuer Paxos and the Binance USD stablecoin. The New York Department of Financial Services has ordered Paxos to stop minting BUSD tokens – the seventh-largest stablecoin by market cap – due to “several unresolved issues related to … Continue reading In Crypto: Market sinks to $1tn amid Paxos-BUSD scrutiny