Binance USD
Binance’s United States-based subsidiary, Binance.US, temporarily suspended Binance USD stablecoin pairs via One Common Billing System (OCBS) as the Commodity Futures Trading Commission (CFTC) investigated the exchange for alleged violations.
Binance.US said it temporarily disabled One Common Billing System and BUSD stablecoin pairs after halting Apple Pay and Google Pay deposits.
The cryptocurrency markets have recently been shaken by another major regulatory push against Binance that sent ripples to the industry.
TUSD has seen a big increase in trading volume recently.
Quick Take The top 1% of addresses hold roughly 99% of the total supply of BUSD.
Some analysts say Binance’s recent decision to include other stablecoins in its zero-fee trading program could have contributed to lesser dependence on BUSD.
Binance announced today that it will open trading for LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD trading pairs on March 29 at 08:00 (UTC).
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global…
Cryptocurrency exchange Binance has replaced its Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT) in response to Paxos’ move to…
Binance will replace BUSD in its Secure Asset Fund with USDT and TUSD.
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