FAMEEX Afternoon Crypto News Recap | February 20, 2023

The SEC has a stablecoin firm in its sights — and it could shake up the whole USD137 billion market
https://www.fameex.com/en-US/news/crypto-trending-news-2023022003
The U.S. Securities and Exchange Commission (SEC) could be gearing up to take action against Paxos, a company that issued the Binance USD (BUSD) stablecoin.

Businesses beginning to adopt crypto payment gateways
According to Checkout.com’s report, 77% of merchants who choose to accept crypto as a payment medium observe an increase in cross-border sales.

LG Electronics showcases NFT artworks via OLED evo TVs
Feb. 19 (Yonhap) -- South Korean tech giant LG Electronics Inc. said Sunday it has showcased non-fungible token (NFT) artworks on its next-generation organic light-emitting diode (OLED) TVs at an art exhibition in the United States.

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FAMEEX's official view.