Binance Inches Closer to Discontinuing BUSD Stablecoin

2024-1-5 16:45

Binance is moving closer to discontinuing its BUSD stablecoin, converting eligible users' BUSD token balances to FDUSD, marking a shift in its stablecoin strategy. The post Binance Inches Closer to Discontinuing BUSD Stablecoin appeared first on BeInCrypto.

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stablecoin busd binance discontinuing closer inches strategy

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Источник: beincrypto.com

stablecoin busd → Результатов: 126

BUSD Drives 19% Slump in Stablecoin Transfer Volumes

Stablecoin transaction volumes have declined nearly 20% in a week as BUSD leads a decline in interest. The post BUSD Drives 19% Slump in Stablecoin Transfer Volumes appeared first on BeInCrypto.

2023-4-24 15:00	binance news
stablecoin busd volumes drives slump transfer interest

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CZ: ‘Landscape is shifting,’ following 15% drop in BUSD market cap

Binance CEO Changpeng Zhao (CZ) said the “landscape is shifting,’ concerning stablecoin movements triggered by recent regulatory pressures. The post CZ: ‘Landscape is shifting,’ following 15% drop in BUSD market cap appeared first on CryptoSlate.

2023-2-17 13:10	Stablecoins
shifting landscape market busd cap following drop

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Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

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.”

2023-2-17 05:22
regulatory crackdown said tusd zhao previously stablecoins

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BUSD Drama Sets Stage for Stablecoin Market Reshuffling

Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.

2023-2-17 17:10	USDT
stablecoin busd revamping winning markets token dollar-pegged

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Cosmos price outlook: Is ATOM a buy ahead of today’s Rho upgrade?

The Cosmos (ATOM/USD) price broke down from a rising channel this week as cryptocurrencies reacted to the regulatory crackdown on stablecoins, particularly orders against Paxos to cease issuing the Binance USD (BUSD) stablecoin.

2023-2-16 22:47	Cryptocurrency
usd atom cosmos price stablecoins particularly crackdown

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Paxos Blocked From Issuing BUSD, What Does It Mean for Binance Stablecoin?

Get inside scoop on this whole case and learn why you should not panic

2023-2-16 03:00
whole case scoop learn panic should inside

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Binance CEO: Crypto industry will probably move to non-dollar stablecoins

Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD.

2023-2-15 00:45	Digital Currency
industry stablecoins yen euro pegged busd use

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Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed

The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.

2023-2-14 00:14
sec received wells confirmed forthcoming action notice

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Binance’s BUSD Stablecoin Was Reportedly Targeted by Rival

Circle flagged concerns about Binance's mismanagement of reserves months before New York regulators intervened, according to a Bloomberg report. The move highlights the battle between the two firms for dominance in the high-stakes stablecoin market.

2023-2-14 23:45
stablecoin binance move highlights report according battle

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Binance Coin extends losses as BNB dumps 10% amid negative news

Binance Coin price fell amid news around Paxos and its stablecoin BUSD BNB traded to lows of $284, extending intraday declines from highs of $321 as uncertainty engulfed the stablecoin. Paxos, which issues and handles BUSD redemptions, announced it had halted its relationship with Binance.

2023-2-14 21:49
binance paxos stablecoin busd amid bnb coin

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Controversy around BUSD drives calls for decentralization

An account named @frxresearch recently proposed that the cryptocurrency exchange Binance develop its own decentralized stablecoin, similar to DAI.

2023-2-14 21:40
binance develop exchange cryptocurrency own dai similar

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BNB Crashes 10% Amid Uncertainty Around Binance

Binance Coin (BNB), created and issued by the exchange Binance has suffered a massive drop in its price action. The crash follows an investigation from the U. S. Securities and Exchange Commission (SEC) against crypto firm Paxos, which supports Binance stablecoin’s BUSD.

2023-2-14 21:02	Cryptocurrency
binance bnb exchange sec commission follows investigation

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Binance USD Given Fatal Blow by U.S. Regulator

Paxos has been ordered to discontinue Binance USD, the third largest stablecoin in the crypto market. The End of BUSD Stablecoin issuer Paxos has landed in regulator crosshairs. The crypto...

2023-2-14 20:06	SEC
binance crypto stablecoin paxos regulator usd landed

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Stablecoin Issuer Paxos Ceases BUSD Issuance After SEC Reportedly Threatens Lawsuit

In what will be seen as a major escalation in its crypto enforcement agenda, the Securities and Exchange Commission (SEC) is preparing to sue Paxos for selling Binance USD (BUSD) as an unregistered security.

2023-2-13 18:44	SEC
sec busd paxos preparing commission exchange securities

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Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure

Members of the Aave community are examining whether to freeze BUSD on the platform and the stablecoin's issuer, Paxos, was sued by the SEC today.

2023-2-13 17:44	Finance
aave stablecoin sec community platform today busd

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Expert: SEC’s war on crypto just getting started

Marcus Sotiriou, a market analyst at UK-listed digital asset firm GlobalBlock, says the SEC is just starting in its crackdown on crypto. The analyst said this in a note to clients on Monday following regulatory moves against crypto firm Paxos and the stablecoin BUSD.

2023-2-13 16:44	USA
crypto analyst firm sec clients said monday

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Binance's Native Token, BNB, Price Impacted by Recent FUD on Stablecoin: Details

Binance CZ says to review projects in wake of BUSD news

2023-2-13 16:24
binance review says projects busd wake stablecoin

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USDT trading volumes rise 35% amid BUSD redemption requests

Tether (USDT) trading volumes are up by over 35% less than 12 hours after Paxos, the issuer of BUSD, a competing stablecoin, was directed to stop minting new coins.

2023-2-13 15:48	Tether
usdt volumes trading busd stablecoin competing issuer

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Paxos terminates relationship with Binance as it halts BUSD issuance

Paxos has also halted the minting of new BUSD tokens as ordered. Existing BUSD will however remain fully-backed and redeemable via Paxos until at least February 2024 Binance CEO says exchange will continue to support BUSD Paxos, the blockchain and tokenization platform that also issues the stablecoin Binance USD (BUSD), has announced it is terminating […] The post Paxos terminates relationship with Binance as it halts BUSD issuance appeared first on CoinJournal.

2023-2-13 15:35	Paxos
busd paxos binance issuance relationship terminates halts

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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.

2023-2-13 14:54	Markets
tether new stablecoin paxos busd tokens seem

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Paxos to stop minting new BUSD stablecoin

Paxos, the issuer of BUSD, has been reportedly told to stop issuing the stablecoin.

2023-2-13 14:35	Paxos
stablecoin paxos busd stop reportedly told issuing

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Paxos Terminates Partnership with Binance, Stops Minting BUSD

Paxos ends relationship with Binance for BUSD stablecoin. BUSD continues to be fully supported & backed 1:1 with US dollar reserves. Customers can redeem funds in USD or convert to Pax Dollar (USDP).

2023-2-13 14:31	stablecoin news
busd paxos binance dollar reserves customers redeem

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Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

It was reported on Sunday that the SEC intended to sue Paxos for selling BUSD as an unregistered security.

2023-2-13 14:26	Finance
busd paxos intended sue sec security unregistered

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Blockchain Company Paxos Trust ordered to stop issuing Binance USD

The NYDFS has ordered Paxos Trust Co. to stop issuing BUSD stablecoin. This comes after the SEC issued Paxos with a wells notice on the same. The SEC alleges Binance USD is an unregistered security.

2023-2-13 12:46	StableCoin
paxos issuing binance sec stop usd trust

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Paxos to Stop Issuing Dollar-Pegged Token BUSD

Industry-leading stablecoin issuer is having some problems

2023-2-13 12:11
issuer stablecoin having problems industry-leading busd stop

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Optimism (OP) Soars 30% Amid Binance's BUSD Integration

OP up 30% in 24 hours against background of major stablecoin integration into Optimism network

2023-2-2 18:45
optimism integration background stablecoin network against major

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Stablecoin withdrawals from exchanges reach $800M on Jan. 30

Quick Take Roughly 10,000 BTC was sent to exchange addresses on January 30 The fifth biggest inflow in the past three months, equivalent to around $230 million In addition to roughly $800 million of stablecoins leaving exchanges Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges.

2023-1-31 22:50	Research
exchanges million roughly addition 230 equivalent around

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BUSD market cap drops by $2b in January amid management issues

Binance’s BUSD stablecoin market cap has dropped by $2 billion in January after the reveal of a poor management instance. According to crypto price tracker CoinGecko, the market cap of BUSD decreased to $15.

2023-1-26 15:11	Stablecoins
busd cap market january management instance according

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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.

2023-1-26 01:31	Markets
billion month past down wednesday paring week

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Opinion: Crypto exchanges keep failing, so why do we still trust Changpeng Zhao?

New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao.

2023-1-25 21:21	Binance
zhao changpeng times undercollateralized questioned ceo yet

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BUSD faces depegging scare: What's going on, Binance?

BUSD under FUD because of reports showing insufficient backing. Until the time of writing, the stablecoin was able to maintain its peg. The stablecoin of trading platform Binance [BUSD] isThe post BUSD faces depegging scare: What's going on, Binance? appeared first on AMBCrypto.

2023-1-12 06:30	News
busd binance scare depegging faces going stablecoin

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Binance Says There Were Flaws In Maintaining BUSD Peg

Binance’s BUSD stablecoin is currently one of the largest in the crypto sector, but there have been concerns about the stability of the asset, especially with the collapse of the Terra UST stablecoin.

2023-1-12 20:00	StableCoin
busd binance stablecoin ust concerns stability asset

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Declining Demand for Binance's BUSD Represents New Chapter in Stablecoin Wars

The largest crypto exchange’s Binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.

2023-1-6 21:27	Markets
binance stablecoin concerns amid redemptions month rivals

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Binance Adds Pegged BUSD Stablecoin to TRON Network: Details

Deposits and withdrawals for Binance-Peg BUSD are now open on TRON

2022-12-30 16:32
busd tron binance-peg withdrawals open details pegged

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Paxos releases fresh statement on BUSD stablecoin

Paxos announced on its official Twitter account on Tuesday that it is the sole issuer of BUSD. The token is controlled by the organization, and it is being regulated by the New York State Department of Financial Services (NYDFS).

2022-12-29 21:20	StableCoin
paxos busd being organization new financial services

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Crypto Investors Misguided: Binance Stablecoin BUSD Isn’t Fully Regulated

Stablecoin Binance-Peg BUSD is a Binance product but is not issued by Paxos nor regulated by the New York State Department of Financial Services. Only ERC20 BUSD is regulated in New York. The post Crypto Investors Misguided: Binance Stablecoin BUSD Isn’t Fully Regulated appeared first on BeInCrypto.

2022-12-16 00:15
busd regulated stablecoin binance crypto york misguided

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Binance sees the largest outflow of stablecoins in 24 hours

Crypto exchange Binance faced the largest stablecoin (BUSD+USDT+USDC) outflows in 24 hours, amounting to $2.159 billion. The post Binance sees the largest outflow of stablecoins in 24 hours appeared first on CryptoSlate.

2022-12-14 05:00	Exchanges
hours binance largest stablecoins sees outflow 159

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Coinbase tell customers to dump Tether, stablecoin war heats up

Key Takeaways Coinbase has encouraged customers to dump Tether for USD Coin by waiving fees Binance had delisted USDC pairs last September to push its own stablecoin, BUSD The war between the centralised stablecoins deepens DAI holds the torch for decentralisation but faces uphill battle for relevancy as model seems unscalable The stablecoin war is […] The post Coinbase tell customers to dump Tether, stablecoin war heats up appeared first on CoinJournal.

2022-12-9 16:43	Tether
stablecoin war dump coinbase customers tether tell

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Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions

Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.

2022-11-17 09:21
circle binance usdc auto-conversions busd implementing collapse

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Binance USD (BUSD) To Spark The Second Great Stablecoin War With USDT — FTX CEO

Stablecoins, which are often referred to as the backbone of the industry, may soon experience a “second great stablecoin war” fought by market leader USD Tether (USDT) and fast-rising Binance USD (BUSD).

2022-10-26 23:11	USDT
usd war binance stablecoin usdt great busd

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What USDC's diminishing dominance on Ethereum means for the stablecoin

According to a new Messari report, USDC was observed to be losing traction in the stablecoin market. BUSD on the other hand, was witnessing some growth. With new coins entering the stablecoin market aThe post What USDC's diminishing dominance on Ethereum means for the stablecoin appeared first on AMBCrypto.

2022-10-18 05:30	News
stablecoin usdc market new diminishing dominance means

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What Bitcoin whales and Binance have in common should concern investors

Bitcoin [BTC] whales seemed to have decided on relegating other stablecoins with their current preference for the Binance stablecoin, BUSD. According to Mignolet, a CryptoQuant analyst, on 27 SeptThe post What Bitcoin whales and Binance have in common should concern investors appeared first on AMBCrypto.

2022-9-30 03:30	BTC Trading View
binance whales bitcoin investors concern common should

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Polygon and Avalanche Now Support Binance's BUSD Stablecoin

Binance USD (BUSD), Binance’s house-own stablecoin, is now available on Avalanche and Polygon

2022-9-21 23:08
binance polygon stablecoin busd avalanche available usd

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Биржа WazirX прекращает прием депозитов в трех стейблкоинах

Индийская криптовалютная биржа WazirX вслед за Binance вводит автоконвертацию  стейблкоинов USD Coin (USDC), USDP Stablecoin (USDP) и TrueUSD (TUSD) в BinanceUSD (BUSD).

2022-9-20 09:39	делистинг
биржа usdp wazirx usd binanceusd busd coin

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Crypto Exchange WazirX to Delist USDC in Boost for Binance's Stablecoin

WazirX is delisting USDC, USDP, and TUSD and will automatically convert customer holdings into BUSD.

2022-9-20 18:32	Business
wazirx usdc tusd busd automatically convert holdings

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Crypto Exchange Binance to Benefit From Increased Supply of Its Own Stablecoin, BofA Says

The automatic conversion of other stablecoins could increase BUSD supply by $908 million, the bank said.

2022-9-10 15:23	Markets
supply stablecoins could conversion said increase bank

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Circle CEO says Binance decision to stop USDC support is good as it increases utility

Circle CEO Jeremy Allaire said Binance’s decision to convert its users’ USD Coin (USDC) holdings to its Binance USD (BUSD)stablecoin is good. The post Circle CEO says Binance decision to stop USDC support is good as it increases utility appeared first on CryptoSlate.

2022-9-7 16:30	USDT
binance circle usdc good decision ceo utility

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Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC

Binance, the world's largest cryptocurrency exchange, has shaken up the vital stablecoin market, announcing it will automatically move customers' funds to its Binance USD (BUSD) token from alternatives including the larger USD Coin (USDC).

2022-9-6 20:33	Business
binance larger usd usdc stablecoin move customers

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Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC

Cryptocurrency exchange Binance is to convert its users' holdings in three major stablecoins - USDC, USDP and TUSD - into its own stablecoin BUSD.

2022-9-6 20:33	Business
stablecoin binance usdc three holdings major usdp

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