With the SEC cracking down on Paxos, the creator of BUSD, the question has arisen as to what the future holds for BUSD.

Revenge Of The Circle 

Circle reported the mismanagement of BUSD to the NYDFS after Binance delisted Circle's USDC, the second-largest stablecoin. Since Paxos is regulated by NYDFS, it came under fire based on this complaint.

Clarification of CZ

BUSD is commonly referred to as Binance's stablecoin, and BUSD holders continue to receive rewards for investing in the Binance launchpool. This facility is not available for other stablecoins. But Binance CEO CZ says that Paxos Global handles BUSD completely.

Clarification of Paxos Global

Paxos, although the creator of BUSD, has now decided not to mint any more BUSD under the current circumstances but has assured BUSD holders that it will maintain the stability of existing BUSD.

Subject of BUSD

BUSD is the third-largest stablecoin in the crypto world, with a market cap of $16 billion. From the clarifications from Paxos and CZ, its future is unclear. It just turns out that it won't increase in the future, and a decrease in circulation compared to other stablecoins won't increase its value anyway.