Binance Admits to Problems With Its BUSD Peg
Analysts reveal the crypto exchange undercollateralized its holdings by at least $1 billion, and not just once.
Binance’s Stablecoin Hasn’t Always Been Fully Backed, Report Says
Binance has struggled to make sure that its stablecoin remains fully backed on several occasions, according to a new Bloomberg report
A Binance Stablecoin Wasn’t Always Fully Backed: Bloomberg
The company acknowledged to Bloomberg that the process of maintaining the peg “has not always been flawless,” but said the problem has now been fixed.
Is Binance’s BUSD the Reason Behind the Recent Altcoin Pump? Here’s What Happened
The biggest cryptocurrency exchange in the world, Binance, made a significant effort last year to elevate its own stablecoin, BUSD, above that of competitors. However, 2022 wasn’t the best year…
End Of Crypto Bear Market: What Binance BUSD Data Suggests?
The current crypto market rebound comes as a welcome trend for traders after a tough time for most part of 2022. However, macroeconomic scenario does not really reflect a bullish…
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since…
BUSD worth $6.2B withdrawn from exchanges in 30 days
In the last 30 days, $6.2 billion worth of BinanceUSD (BUSD) was withdrawn from exchanges, according to Glassnode data as analyzed by CryptoSlate. The post BUSD worth $6.2B withdrawn from…
Zero USDT, USDC, BUSD, and TUSD Printed in December 2022: Analysis
Tether’s USDT and Circle’s USDC were last printed in May and June respectively.
Digital Assets: Binance-Peg BUSD Now Available on TRON Blockchain Network
The team at Binance is pleased to announce that Binance-Peg BUSD is now “available on TRON.” Along with the BUSD issued by Paxos on the Ethereum blockchain, Binance-Peg BUSD (a…
Justin Sun Has Transferred Another 88 Million BUSD To Binance
Key Points: On January 1, an address that was listed as belonging to Justin Sun cashed out $80 million USDC and moved it to the Binance cryptocurrency exchange. According to…
