Binance is discontinuing BUSD due to regulatory challenges and legal issues. — The majority of comments point to regulatory scrutiny faced by Binance and the legal issues surrounding Paxos, the issuer of BUSD, receiving a cease and desist order from the SEC as primary reasons. Additionally, challenges from banks and financial networks such as Mastercard cutting ties with Binance also influenced the decision.
PayPal launched the Dollar-Stablecoin PYUSD to enter the cryptocurrency realm and benefit from its potential in payments and transfers. — Most comments show excitement and optimism about PayPal's entry into cryptocurrency and the potential benefits of PYUSD. This suggests that the primary reason for PayPal's move is to leverage the growth and utility of the crypto market.
