Over $2B BUSD burnt in the last seven days
Binance USD’s (BUSD) supply shrank by 18.2% — roughly $2.27 billion — over the last seven days to $10.84 billion, according to CryptoSlate’s data.
140,000,000 BUSD Burnt At Paxos Treasury; Is the BUSD Era Over?
Key Points: Recently, 140,000,000 BUSD were burned at the Paxos Treasury, causing the Binance Dollar (BUSD) to fall out of the top 10 by capitalization. As Paxos received a death…
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out…
Dogecoin Flips Binance USD Stablecoin: BUSD Loses 50% of Its Market Cap
Dogecoin reclaims its spot in the TOP 10 by global market cap.
SEC Triggers Billion-dollar ‘Bank Run’ on Binance’s BUSD
BUSD’s circulating supply has dipped by 26% since Paxos received a Wells notice from the SEC
Stablecoin Tether (USDT) gains market cap at the expense of BUSD
CryptoCompare’s new report highlights the performance of stablecoins in February, in particular the stablecoin BUSD, which suffered an 18% decline in market cap, and Tether (USDT), which benefited from BUSD’s…
BUSD Stablecoin Temporarily Plunges to $0.20 on Binance
Binance USD (BUSD), the third-largest stablecoin by market cap, spiked to a low of $0.20 against the DAI stablecoin as liquidity dried up on Binance.
BUSD issuer Paxos to have ‘constructive discussions’ with the SEC
Paxos Trust Company, the firm that issued the world’s third largest stablecoin, Binance USD , until two weeks ago, has indicated that it may engage in litigation to defend its…
Paxos in Constructive Discussions with SEC on BUSD Long-Term Prosperity, Cuts Ties with Binance
Paxos has facilitated the redemptions of about $2.8B in BUSD since halting new mints on February 21.
Firm Behind Binance’s BUSD Stablecoin in Talks with the SEC – Here’s the Latest
Paxos, a blockchain infrastructure platform and the issuer of Binance’s stablecoin Binance USD (BUSD), is in talks with the U.S. Securities and Exchange Commission over its decision to consider the…
