Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins.
Category Archives: BUSD
Binance-CFTC FUD puts BNB price at risk of drop toward $200
Recent BNB price trends show that the token declines in the short term after regulatory crackdowns. However, this time the correction may last longer.
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.”
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that “Funds are SAFU.”
Binance to support BUSD while exploring non-USD stablecoins, CZ says
Binance CEO Changpeng “CZ” Zhao says the exchange will continue to support BUSD despite issuer Paxos being ordered to stop minting the stablecoin by the U.S. SEC and New York regulators.
Breaking: Paxos reportedly ordered to stop issuing Binance USD
A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap.
Are stablecoins securities? Well, its not so simple, say lawyers
One lawyer said that while stablecoins are meant to be stable, buyers may possibly profit from a range of arbitrage, hedging, and staking opportunities.
Breaking: Paxos facing SEC lawsuit over Binance USD — Report
According to people familiar with the matter, the notice relates to Binance USD, which is being seen by the SEC as an unregistered security.
Circle co-founder says converged dollar books on Binance would be good for USDC
The world's largest crypto exchange announced Monday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29.
