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3232Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
https://www.digit.info/nearly-3-billion-busd-stablecoins-have-been-removed-from-the-market-in-6-days/
Sun, 19 Feb 2023 23:30:35 +0000https://www.digit.info/2023/02/19/nearly-3-billion-busd-stablecoins-have-been-removed-from-the-market-in-6-days/Read more]]>Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]
]]>BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert
https://www.digit.info/busd-redemptions-soar-near-290-million-in-8-hours-after-nydfs-consumer-alert/
Tue, 14 Feb 2023 02:45:02 +0000https://www.digit.info/2023/02/14/busd-redemptions-soar-near-290-million-in-8-hours-after-nydfs-consumer-alert/Read more]]>Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD […]
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]
Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD […]