Binance USD
The month of February was volatile for cryptocurrency prices and saw trading volumes increase, although they have remained at historically low levels. Bitcoin and Ethereum, the two largest digital assets…
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the…
In response to the U.S. Securities and Exchange Commission’s (SEC) regulatory action against its native stablecoin, Binance USD (BUSD), Binance has turned to a new set of stablecoins. After the…
On-chain data released by Lookonchain shows Binance exchange minted 180 million True USD (TUSD) tokens last month and has also added support for other stablecoin projects amid an SEC’s Paxos…
The recent action from Binance comes in the wake of NYDFS ordering BUSD issuer Paxos to stop minting new BUSD.
US regulatory agencies labeling BUSD as an “unregistered security” has caused a stir in the industry.
Binance, the world’s largest cryptocurrency exchange, has been in the news for all the wrong reasons lately. It recently saw a 45% drop in the market capitalization of its stablecoin,…
Key Points: Binance, a prominent cryptocurrency exchange, has recently encountered a series of issues that have eroded investors’ trust in its credibility.
Just as the market cap for Binance’s stablecoin BUSD has plunged double digits in the past month, another competitor is on the rise.
Binance USD (BUSD) has suffered a steep decline in active addresses following the regulatory crackdown by U.S. authorities. This development continues a series of dips within the Binance ecosystem in…
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