TrueUSD, a major stablecoin, experienced a de-pegging event, dropping below its usual 1:1 value with the US dollar. The de-pegging occurred alongside Binance CEO Changpeng Zhao’s departure and amid large…
Browsing: BUSD
Binance is delisting several crypto margin trading pairs with BUSD, including popular ones like ADA and SHIB, effective November 9, 2023. The exchange plans to phase out the BUSD stablecoin…
Binance is removing specific trading pairs on October 13, 2023, due to factors like low liquidity and trading volume. Spot Trading Bots for these pairs will also be terminated, so…
Binance is encouraging users to convert their Binance USD (BUSD) holdings into other assets to phase out BUSD support by February 2024. Binance Labs is launching ColLabs, a Web3-focused platform…
Binance continuous support for TUSD triggers concerns within the crypto community. Binance has also been sued by the CFTC for violating regulations. Binance recently announced that it is adding more…
Binance has decided to convert its $1 billion in its Industry Recovery Initiative from BUSD to BTC, ETH, and BNB. The crypto market reacts with Bitcoin up by 10 percent…
Leading crypto exchange Coinbase halts trading for BUSD token, not long after minting of minting new units of the token was halted. Coinbase takes necessary steps to avoid sanctions from…
Paxos CEO Charles Cascarilla has stated in an internal communication that Paxos would strongly contest in court that BUSD is not a security. Cascarilla also mentioned that Paxos is working…
Paxos said it categorically disagrees with the US SEC that BUSD is security. The stablecoin issuers said it is ready to explore litigation if need be. A new potential regulatory…
SEC has reportedly served stablecoin issuer Paxos Trust Co. a Wells Notice, alleging that it has violated protection laws in relation to the Binance USD (BUSD). According to the notice,…