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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 […]
]]>Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
https://www.digit.info/binance-ceo-warns-of-profound-impacts-on-crypto-industry-if-busd-is-ruled-as-a-security/
Tue, 14 Feb 2023 01:34:57 +0000https://www.digit.info/2023/02/14/binance-ceo-warns-of-profound-impacts-on-crypto-industry-if-busd-is-ruled-as-a-security/Read more]]>Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against Paxos and BUSD Following […]
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 […]
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD. Binance’s CEO on SEC Action Against Paxos and BUSD Following […]