Dear #POSINation,.
14 Feb 2023, 17:19
Dear #POSINation,
We wanted to update you on the recent news regarding BUSD, which is the primary stablecoin used on our platform. On Monday, Paxos, the issuer of BUSD, announced that it would temporarily stop minting new tokens after a request from the New York Department of Financial Services (NYDFS). We want to assure our users that our team is monitoring the situation closely and taking all necessary steps to ensure the safety and security of your assets.
We want to emphasize that users' funds are safe and secure as Paxos has denied regulators' claims that BUSD constitutes an unregistered security.
We will continue to follow the situation closely and keep you informed of any updates or changes. Thank you for your continued support and please don't hesitate to reach out to us with any questions or concerns.
Best regards,
Position Exchange Team
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1
14 Feb 2023, 17:20
Dear #POSINation, we want to assure you that your funds are safe and secure, despite the recent halt on minting new #BUSD tokens. We're closely monitoring the situation and taking all necessary steps to ensure your assets are protected. We'll keep you informed of any updates!
Dear #POSINation, we want to assure you that your funds are safe and secure, despite the recent halt on minting new #BUSD tokens
Dear #POSINation, we want to assure you that your funds are safe and secure, despite the recent halt on minting new #BUSD tokens. We're closely monitoring the situation and taking all necessary steps to ensure your assets are protected. We'll keep you informed of any updates!