Everest (ID) is a service token of the fintech blockchain platform. The token provides access to the identification network and the exchange of values.

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Everest

1/n. My take on Paxos, BUSD, design choices & regulations....starting w/ the conclusion, Binance poked the bear/honeybadger, aka US regulators.  Being heavily audited & regulated in NY, I would bet that Paxos' BUSD are 1:1 backed, but they can't account for Binance's BUSD.....

Telegram

https://twitter.com/bobreideverest/status/1625372965855719426

Everest telegram news 14 February 2023 07:01

everestbob

RT @bobreideverest: 1/n. My take on Paxos, BUSD, design choices &amp; regulations....starting w/ the conclusion, Binance poked the bear/honeyba…

1/n. My take on Paxos, BUSD, design choices &amp; regulations....starting w/ the conclusion, Binance poked the bear/honeybadger, aka US regulators.  Being heavily audited &amp; regulated in NY, I would bet that Paxos' BUSD are 1:1 backed, but they can't account for Binance's BUSD..... https://t.co/1rcIsvVNSk

Circle

Paxos

NYDFS

Cheyenne Ligon

Stablecoin issuer @circle reportedly sounded an alarm on rival @PaxosGlobal after learning that the Paxos-issued BUSD was not properly backed by reserves, leading @NYDFS to start investigating.
@cheyenneligon reports
https://t.co/2RSmBF6R7J

RT @bobreideverest: 1/n. My take on Paxos, BUSD, design choices & regulations.

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