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Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.
Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD.
BUSD turned volatile in the wake of regulatory action against its issuer Paxos Trust Co. The decline in BUSD/USDT pair on Binance suggests some traders are moving money into tether.
API keys enable users to access their data conveniently. From RSA key pairs to API key whitelists, learn five tips from Binance to keep your API keys safe.
UK FCA is coming for unregistered cryptocurrency automated teller machines (ATMs). Magic Eden is undergoing restructuring process, lays off 22 employees.
Coinbase, has announced that it will suspend trading of Binance USD (BUSD) on March 13, 2023. The suspension will apply to Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
Stablecoins Statistics: Everything you need to know from types of stablecoins, total market cap to transaction volumes, regulations and emerging models.
All BUSD remains fully-backed 1:1 with USD cash & cash equivalents held in custody with the company’s NYDFS Trust, and Paxos will continue to support BUSD in circulation for at least one year.
This swap is to ensure that assets in SAFU continue to protect users in the long term as the BUSD market capitalization continues to decrease over time.