Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action
It was reported on Sunday that the SEC also intended to sue Paxos for selling BUSD as an unregistered security.
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Feb 13, 2023 at 11:26 a.m. UTC
Feb 13, 2023
BUSD
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SEC to Sue Crypto Trust Co. Paxos Over Binance Stablecoin: WSJ
Paxos also faces a probe from the New York Department of Financial Services.
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Feb 13, 2023 at 12:23 a.m. UTC
Feb 13, 2023
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Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement
BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker Co...
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Jan 25, 2023 at 10:31 p.m. UTC
Jan 25, 2023
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How Big a Deal Was Binance’s Previous $1B BUSD Collateral Gap?
The company admitted to some process challenges in the past, but says things are fixed now.
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Jan 13, 2023 at 8:02 p.m. UTC
Jan 13, 2023
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A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg
The company acknowledged to Bloomberg that the process of maintaining the peg "has not always been flawless," but said the problem has now been fixed.
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Jan 10, 2023 at 6:19 p.m. UTC
Jan 10, 2023
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Binance Releases Wallet Addresses of $69B Crypto Reserve
The exchange said it will share its proof-of-funds in the coming weeks.
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Nov 10, 2022 at 12:33 p.m. UTC
Nov 10, 2022
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Fiat-Backed Stablecoins: What You Need to Know About Tether, USD Coin and Others
Fiat-backed stablecoins are cryptocurrencies pegged to the value of real-world currencies, such as the U.S. dollar or euro, and backed by reserves in that currency.
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Oct 17, 2022 at 4:42 p.m. UTC
Oct 17, 2022
Beginner
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Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse
USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
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Oct 10, 2022 at 9:43 a.m. UTC
Oct 10, 2022
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BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
Crypto exchange Binance’s decision to convert all users’ investments in stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native binance USD (BUSD) ma...
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Sep 9, 2022 at 5:59 p.m. UTC
Sep 9, 2022
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Why Binance Isn’t Converting Tether to BUSD
Binance is converting all investments in USDC, pax dollar (USDP) and trueUSD (TUSD) into its stablecoin Binance USD (BUSD) on Sept. 29. Patrick Hillmann of Binance discusses t...
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Sep 9, 2022 at 4:45 p.m. UTC
Sep 9, 2022