BUSD
BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos' BUSD stablecoin to tether.
Binance Says BUSD ‘Funds Are Safu’ but a Regulatory Cloud Is Forming Over the US
February has been a great month for the narrative that crypto’s natural home is in Asia.
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security.
SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
Paxos also faces a probe from the New York Department of Financial Services.
Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement
BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.
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.
Binance Releases Wallet Addresses of $69B Crypto Reserve
The exchange said it will share its proof-of-funds in the coming weeks.
Fiat-Backed Stablecoins: What You Need to Know About Tether, USD Coin and Others
Fiat-backed stablecoins are cryptocurrencies pegged to the value of real-world currencies, such as the U.S. dollar or euro, and backed by reserves in that currency.
Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse
USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
