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Curve founder: Redeemable stablecoins aren't safe from regulatory action
<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="theblock.co" target="_blank">The Block Crypto</a></span></span><span class="acf-credit"> | <span class="acf-credit">Provided by Curve Finance</span></span></span>
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Quick Take
- Curve founder Michael Egorov says reedemable stablecoins aren’t safe from regulatory action.
- This comes after the NYDFS stopped Paxos from issuing any more of the BUSD stablecoin.
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The founder of Curve reacted to the enforcement action on BUSD ahead of the project launching its own decentralized stablecoin.
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