The head of exploration at Matrixport, a financial investment firm with a password, believes that recently, for Paxos and Binance investment. (BU.S.) The verification of tokens is not a direct attack on the stable currency itself.

In a study on February 14th, Matrixport's Markus Thielen showed that dollar issuer Paxos Trust Company's regulation of tokens is likely to be less stringent.

He added that the issue "does not revolve around the stable currency itself".

"Paxos violates BU.S issued to Binance and Paxos. Customer responsibility for timely risk assessment and financial due diligence tailored, "Thielen made up a lie."

On Feb. 13, the New York City Financial Services Center (NYDFS) ordered Parksos to stop issuing dollars, mainly because of several difficult problems related to Parksos's regulation of its Binance links.

Paxos also recently confirmed that on Feb. 3, the Foreign Securities and Exchange Commission (SEC) sent Wells Fargo notice to the stablecoin issuer that it could not apply for registration of the offering under the federal securities law.

Thielen emphasized that BU.S. A long time ago, $11 billion has been issued on Etherum, but there will be $4.8 billion Binance-Peg BU.S on BnB Smart Chain. Token. Binance gives the hanging token service item, in which Binance-Peg BU.S. Lock on Etherum, Binance-Peg BU.S. Released on BNB Chain and other blockchain technologies such as landslides and Polygon.

"it seems that NYDFS is now worried that $4.8 billion may not have a proper loan guarantee, or that there may be something wrong with the loan guarantee level at 1:1," he said.

However, Paxos recently stressed on February 13 that "US dollar tokens issued by Paxos Trust have long been applicable to US dollar-denominated reserves at 1:1, thoroughly protected and owned in closed remote control accounts."

In a statement for Cointelegraph, Binance strictly enforced this view, saying: "the stable gold encouraged by 1: 1 is one of the most transparent color stable money available."

Thielen stressed that some regulatory actions may also have been triggered by the January 24 incident, when Binance mixed client assets with collateral.

The recent behavior against the dollar still makes some people feel that other stable currencies may be in a corner.

Parksos recently made it clear that, apart from the current conundrum surrounding the dollar, "there are no clear complaints against Parksos."

In addition, Dante Disparte, chief strategy officer of dollar coin issuer Circle and head of current policy around the world, told Cointelegraph:

Circle insists that USDC is a regulated dollar digital currency issued as a stored value for members under the US currency transfer Act.

"the facts and conditions in all types of regulatory practices are different, and the structure and regulatory considerations of each digital currency in circulation around the world are also different," Disparte added.

But Tylan urged the sector not to worry too much about the future of the dollar.

Binance is a little self-inflicted here, but they have been trying to deal with this problem, which is actually solved in time. In that case, should we really worry? Tylan said.

"I don't think so," he said. Has the pegged exchange rate system been broken? Actually, it's not. We are no longer in a bear market in the stock market. In a bull market, you are concerned about rising, not worrying about falling.