After SEC warning, Binance exchange minted 50 million TrueUSD

The exchange Binance has recently been in the news for minting 50 million units of the TrueUSD stablecoin after the US Securities and Exchange Commission (SEC) ordered it to stop issuing the BUSD stablecoin. In this article, we will discuss the details of this event and what it means for Binance and the cryptocurrency industry as a whole. Binance exchange seeks alternatives after SEC order Recently, the SEC ordered Binance to stop offering BUSD to US customers, citing the lack of registration and oversight of stablecoin as a security. Binance announced that it has minted 50 million units of TrueUSD