Nostr Web Client

How is $BUSD considered a security? Any thoughts? nostr:note1xm5xx8z2nj5pqssd0tktavlnektzj2kljypfwwlas57afjnluudquga8fg

Please Login to reply.

How about because it has a third party liability (the issuer) and there’s an expectation of profit based on the efforts of that third party?

🥳🪩👯‍♀️

But how can you make profit (or expect to make profit) from a stable coin? 🤔

You’re right about that point 👏

First point still remains, Binance is the issuer so they’re the liability.

fees?

Another good point 👍🏻

central banks?

Can’t confirm nor deny

¯\_(ツ)_/¯

The question is, how has ethereum not been declared a security.

That’s also a good question

I believe it also has something to do with BUSD being issued by Paxos on Ethereum but then being bridged onto BSC.

Mmmm good point

like dis