BUSD

Liquity's LQTY token jumped 45% on Monday. (TradingView/CoinDesk)
Stablecoin Lender Liquity's LQTY Token Surges 45% as New York Regulator Goes After Paxos' BUSD
Traders look more closely at decentralized censorship-resistant stablecoin lending protocols like Liquity in the wake of regulatory action on Paxos' centralized dollar-pegged...
Liquity's LQTY token jumped 45% on Monday. (TradingView/CoinDesk)

Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)
Binance Withdrawals Surge as Paxos-BUSD Drama Weighs on the Exchange
Binance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November.
Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)

Paxos CEO Charles Cascarilla (CoinDesk)
Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed
The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming.
Paxos CEO Charles Cascarilla (CoinDesk)

Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment
Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just af...
Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment

Binance CEO Changpeng Zhao (Antonio Masiello/Getty Images)
Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry
Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog.
Binance CEO Changpeng Zhao (Antonio Masiello/Getty Images)

Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just af...
Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

Bitcoin, Ether Falling as Paxos To Stop Minting Stablecoin BUSD
Bitcoin, Ether Falling as Paxos To Stop Minting Stablecoin BUSD
Bitcoin slipped below $22,000 as stablecoin issuer Paxos announced the company would stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of...
Bitcoin, Ether Falling as Paxos To Stop Minting Stablecoin BUSD

(Element5/Unsplash)
Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure
As circulating supply trends to zero, the lack of growth could "hurt peg arbitrage opportunity and asset peg," one community member said.
(Element5/Unsplash)

BUSD trades at a discount to rival tether on Binance. (Kaiko)
BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos' BUSD stablecoin to tether.
BUSD trades at a discount to rival tether on Binance. (Kaiko)

Changpeng Zhao, founder and CEO of Binance(Casper Labs)
Binance Says BUSD ‘Funds Are Safu’ but a Regulatory Cloud Is Forming Over the US
February has been a great month for the narrative that crypto’s natural home is in Asia.
Changpeng Zhao, founder and CEO of Binance(Casper Labs)