# Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

By [427](https://paragraph.com/@427-2) · 2023-02-17

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Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”

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*Originally published on [427](https://paragraph.com/@427-2/binance-mints-50m-trueusd-days-after-paxos-ordered-stop-issuing-busd)*