binance stablecoin – DIGIT INFO

Binance clarifies BFUSD isn’t a stablecoin as X gets Terra flashbacks

DIGIT — Tue, 19 Nov 2024 05:36:40 +0000

Binance has clarified its forthcoming BFUSD asset is not a stablecoin as crypto users started freaking out over its promise of high yields.

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With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

DIGIT — Sun, 16 Apr 2023 14:30:25 +0000

Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. […]

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Binance withdrawals and BUSD redemptions surge post Paxos crackdown

DIGIT — Tue, 14 Feb 2023 05:50:06 +0000

Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that “Funds are SAFU.”

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