Binance USD (BUSD)

ForkLog 9 12.07.2024

SEC Concludes Investigation into BUSD

The issuer of Binance’s BUSD stablecoin, Paxos, has received a notification from the SEC indicating no plans for enforcement action. In February 2023, the NYDFS initiated an investigation into the firm. Later, the regulator ordered Paxos to cease issuing BUSD. The SEC also announced its intention to sue the company. The Commission’s notice claimed the […]

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ForkLog 15 29.11.2023

Binance Sets Delisting Date for the BUSD Stablecoin

The cryptocurrency exchange Binance will fully discontinue support for the BUSD stablecoin and delist it on December 15.

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ForkLog 7 29.09.2023

Circle backs Binance over BUSD status

Buyers of stablecoins do not expect profits, so this asset class does not meet investment contract criteria. This statement was made by Circle's chief counsel Hite Tarbert.

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ForkLog 13 30.08.2023

Binance to discontinue support for BUSD in 2024

The cryptocurrency exchange Binance announced plans to discontinue support for its own stablecoin BUSD in 2024.

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ForkLog 4 16.06.2023

DAI overtakes BUSD in the stablecoins ranking

Binance USD (BUSD) market capitalization fell to $4.35 billion. In the stablecoins ranking, the asset ceded third place to DAI ($4.39 billion).

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ForkLog 12 11.04.2023

USDC supply stabilises after Silicon Valley Bank collapse

Following a wave of USDC redemptions linked to the SVB collapse and the loss of dollar parity, the coin's supply slowed its decline.

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ForkLog 5 13.03.2023

Binance converts Industry Recovery Initiative assets from BUSD to Bitcoin

Binance converts the Industry Recovery Initiative (IRI) fund assets from the Binance USD (BUSD) stablecoin into Bitcoin, Ethereum and BNB. This was stated by Binance CEO Changpeng Zhao.

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ForkLog 5 03.03.2023

Market capitalization of the BUSD stablecoin falls below $10 billion

The market capitalization of the Binance USD (BUSD) stablecoin fell below $10 billion for the first time since late June 2021, according to CoinGecko.

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ForkLog 5 27.02.2023

Coinbase to suspend trading of Binance USD (BUSD)

From March 13, 2023, Coinbase will suspend trading of the Binance USD (BUSD) stablecoin.

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ForkLog 7 15.02.2023

Opinion: Pressure on BUSD does not pose risks to other stablecoins

Regulators are not targeting all 'stablecoins', applying harsh measures against Paxos, the issuer of Binance USD (BUSD). This was stated by Marcus Tillen, head of research at Matrixport's crypto-financial services division.

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ForkLog 10 15.02.2023

Changpeng Zhao forecasts expansion of non-dollar stablecoins

Rising regulatory scrutiny in the United States underscores growing demand for stablecoins not pegged to the U.S. dollar, Binance CEO Changpeng Zhao (CZ) said.

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ForkLog 9 14.02.2023

Bloomberg: Circle complains to NYDFS about Binance’s stablecoin

In 2022, Circle filed a complaint with the New York State Department of Financial Services (NYDFS) regarding the quality of reserve management for the Binance USD stablecoin (BUSD). Bloomberg reports.

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#Binance USD (BUSD)