#SEC plans to sue Paxos for issuing BUSD as unregistered securities#
According to the Wall Street Journal citing people familiar with the matter, the stablecoin issuer Paxos will face a lawsuit by the US Securities and Exchange Commission (SEC) for BUSD-related issues. The New York Department of Financial Services also ordered stablecoin issuer Paxos to stop issuing more BUSD tokens. Affected by the news, the crypto market pulled back across the board.
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✅ Solana Foundation Unveils Solana Developer Platform 🔍 Key Features • Designed to enable API-based implementation of tokenized deposits, stablecoins, tokenized Real Assets (RWA), and payment flows. • Main functions consist of three modules: Issuance, Payments, and Trading. • Issuance and Payments are available for immediate use. • Trading is scheduled for release in 2026. ✅ Module Configuration • Issuance: Issuance of tokenized deposits, stablecoins, and RWAs. • Payments: On-ramp, off-ramp, and stablecoin payments. • Trading: Support for atomic swaps, vaults, and on-chain FX is planned. ✅ Early Adoption Cases • Mastercard: Stablecoin settlement. • Worldpay: Merchant payments and settlement. • Western Union: Reviewing cross-border remittance applications. ✅ Implications • Enterprises can access nodes, wallets, compliance, and on/off-ramps through a single API without having to attach them separately. • Over 20 infrastructure partners are integrated. Structure that lowers barriers to institutional adoption • Designed for use in AI coding environments such as Claude Code and Codex ❓ Key Partners • Node: Alchemy, Helius, QuickNode, Triton • Wallet: Anchorage, BitGo, Coinbase, Fireblocks, Paxos • Compliance: Chainalysis, Elliptic, TRM • Ramps: Bridge, BVNK, Lightspark, Modern Treasury, MoonPay ✍️ This announcement is less about the launch of a simple development tool and more about Solana’s expansion into the realm of institutional financial infrastructure. The key point is that payment, remittance, and asset issuance functions have been bundled into APIs, making it easier for existing financial institutions and enterprises to adopt Solana. 🔸 Original Text #SOL #Solana #Solana
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