Summary: Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum. Zeller argued that the Paxos-issued stablecoin was bound to decline in supply and inability to mint new tokens would affect peg arbitrage opportunities. The proposal was submitted shortly after U.S. regulators ordered Paxos to halt minting new BUSD coins and teased a lawsuit against the regulated crypto trust company. An Aave governance proposal from community member Marc Zeller suggested freezing BUSD reserves on the Ethereum blockchain.
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