Binance USD
Paxos, a leading regulated blockchain and tokenization infrastructure platform, has responded to the U.S. Securities and Exchange Commission over its issuance of Binance USD “BUSD” stablecoin. In a Jan 13…
![Binance USD [BUSD] maintains its peg even as outflow increases](https://insights.cryptobasemarket.com/wp-content/uploads/2023/02/kelly-sikkema-mdadgzyxcve-unsplash-e1676724285447-266582.jpg)
The regulatory hammer hung above Binance for some time before landing on Binance USD (BUSD). Despite the FUD that has gripped the stablecoin, one metric has turned out to be…
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.”
Paxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. That was when Paxos announced it would stop…
Investors withdrew around $2.3 billion worth of Binance USD (BUSD) from Binance within four days after the Securities and Exchange Commission (SEC) issued a warning to BUSD issuer Paxos.
Approximately $2.5 billion was claimed to have flowed out of Binance’s stablecoin BUSD this week, as stated by the CEO of Binance on Twitter.
Changpeng Zhao (CZ), Binance CEO has always been vigilant against market FUD. In this pursuit, CZ went on to explain the BUSD situation and the drop in its market capitalization.
Binance CEO Changpeng Zhao (CZ) said the “landscape is shifting,’ concerning stablecoin movements triggered by recent regulatory pressures.
The regulatory hammer has fallen hard and this time it has come down hard on Paxos, the issuer of BUSD. As a result, a bank-run type of event ensued as…
The CEO of crypto exchange giant Binance says investors may turn to non-US dollar-pegged and algorithmic stablecoins amid regulatory pressure on Binance USD (BUSD). During a Twitter Spaces AMA on…
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