BUSD

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10 Apr 23

USDT market cap surges, while USDC and BUSD record massive declines

Tether USD (USDT), the largest stablecoin by market capitalization, is witnessing an impressive surge in its valuation, having recently hit an 11-month-high market cap. Meanwhile, USD Coin (USDC) and Binance USD (BUSD) have each observed record declines in their respective market capitalizations. USDT market cap chart on April 10 | Source: CoinMarketCap Notably, USDT’s market […]

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28 Mar 23

BUSD reserves crumble amid Binance regulatory saga

The cryptocurrency markets have recently been shaken by another major regulatory push against Binance that sent ripples to the industry. This news seems to have caused liquidations on the firm’s native token, BUSD. The U.S. commodity futures trading commission (CFTC) has recently made public its intention to file a lawsuit against one of the most […]

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13 Mar 23

Coinbase suspends BUSD trading amid regulatory concerns

Coinbase has announced to suspend trade for Binance USD (BUSD) due to concerns raised by regulators about Binance’s operations. Coinbase, the leading U.S. cryptocurrency exchange, has announced to suspend trade for Binance USD (BUSD), a stablecoin issued by Binance, the number one global crypto exchange. The suspension takes effect March 13, and will affect all […]

14 Feb 23

USDC and BUSD market caps fall as regulators bash stablecoins

Stablecoins such as USD Coin (USDC) and Binance USD (BUSD) see their market capitalization fall following increasing regulatory scrutiny. Market data shows that BUSD’s market cap has fallen by 4.56% from $16.2 billion reported on Feb. 7 down to its current value of $15.46 billion — a low not seen since late January. BUSD Market […]

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13 Feb 23

Paxos to stop minting new BUSD stablecoin

Hours after the US Securities and Exchange Commission (SEC) had issued a Wells notice to Paxos, the issuer of BUSD, the company was reportedly told to stop issuing the stablecoin. New York regulator orders Paxos to stop new BUSD minting Changpeng Zhao, the CEO of Binance, broke the news on Feb. 13 after being informed […]