BUSD

Binance is converting user funds to its Binance USD (BUSD) stablecoin from alternatives, including the larger USD coin (USDC). Binance Chief Communications Officer Patrick Hil...

By CoinDesk Staff

Sep 9, 2022 at 4:44 p.m. UTC

Sep 9, 2022

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Video

Binance

Circle CEO Expects USDC to Benefit From Binance’s Auto-Converting

Beginning late September, USD coin (USDC), Paxos dollar (USDP) and trueUSD (TUSD) will no longer be traded at Binance, and deposits will automatically be converted to Binance...

By CoinDesk Staff

Sep 7, 2022 at 6:43 p.m. UTC

Sep 7, 2022

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Markets

Stablecoin

Binance Ditched a Bunch of Stablecoins. Even a Newly Banished Issuer Was OK With It

Surprisingly, Circle’s CEO expects USDC to benefit from getting booted from Binance, while market insiders predict a better trading experience.

By Krisztian Sandor

Sep 6, 2022 at 9:31 p.m. UTC

Sep 6, 2022

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Video

Binance

Binance to Stop Supporting USDC

Binance, issuer of third-biggest stablecoin, announced it will automatically move customers’ funds to its Binance USD (BUSD) token from alternatives, including the larger USD...

By CoinDesk Staff

Sep 6, 2022 at 5:37 p.m. UTC

Sep 6, 2022

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Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Consensus Magazine

Opinion

Who Benefits From Binance Converting USDC to Its Own Stablecoin?

The world’s largest crypto exchange is “consolidating” liquidity around its own stablecoin, BUSD – in a move that could benefit Circle and harm Tether.

By Daniel Kuhn

Sep 6, 2022 at 5:22 p.m. UTC

Sep 6, 2022

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Video

Binance

Binance Halts USDC Support; Inflation Hits Crypto

Issuer of USDC questions Binance’s move to convert users’ stablecoin holdings into its own BUSD. Meanwhile, inflation takes a bite out of financial assets. More on those stori...

By CoinDesk Staff

Sep 6, 2022 at 2:35 p.m. UTC

Sep 6, 2022

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Finance

Binance

Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC

The action effectively removes the world's second-biggest stablecoin, USD coin, as a tradable asset on Binance's giant platform.

By Jamie Crawley

Sep 5, 2022 at 5:33 p.m. UTC

Sep 5, 2022

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Markets

Circle

What We Know – and Don’t Know – About Stablecoins’ Dollar Backing

(Updated Oct. 31, 2021) As information disclosed by issuers varies, it’s not easy for investors to make apple-to-apple comparisons.

By Frances Yue Sandali Handagama

Aug 10, 2021 at 4:46 p.m. UTC

Aug 10, 2021

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Paxos General Counsel on Stablecoin Backings, Risks and Regulations

Video

Binance

Paxos General Counsel on Stablecoin Backings, Risks and Regulations

Paxos, the crypto infrastructure firm behind Paypal, has released a breakdown of reserves of its stablecoins PAX and BUSD for the first time. Paxos General Counsel Dan Burstei...

By CoinDesk Staff

Jul 22, 2021 at 3:25 p.m. UTC

Jul 22, 2021