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#Binance USD (BUSD)

News, analysis, and forecasts about the stablecoin Binance USD (BUSD).

Aave to weigh freezing of Binance's BUSD stablecoin
ForkLog 8 14.02.2023

Aave to weigh freezing of Binance’s BUSD stablecoin

The Aave lending protocol community will consider a proposal to freeze the use of Binance USD (BUSD) as collateral amid pressure from the US Securities and Exchange Commission on Paxos, the exchange's stablecoin issuer partner.
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Expert flags fixes to Binance's handling of BUSD reserves
ForkLog 9 11.01.2023

Expert flags fixes to Binance’s handling of BUSD reserves

Binance has addressed deficiencies in the management of BUSD reserves, which at times led to collateral shortfalls of more than $1 billion. The founder of ChainArgos, Jonathan Reiter, reached these conclusions, Bloomberg reports.
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WazirX to introduce automatic conversion of USDC to BUSD, following Binance
ForkLog 5 19.09.2022

WazirX to introduce automatic conversion of USDC to BUSD, following Binance

From September 26, the Indian cryptocurrency exchange WazirX will stop accepting deposits in stablecoins USDC, USDP and TUSD and will delist the related trading pairs.
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Binance USD market capitalization tops $20 billion
ForkLog 7 13.09.2022

Binance USD market capitalization tops $20 billion

The Binance USD stablecoin's overall market capitalization surpassed the $20 billion mark.
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Binance to auto-convert USDC, USDP and TUSD balances into BUSD
ForkLog 21 05.09.2022

Binance to auto-convert USDC, USDP and TUSD balances into BUSD

The cryptocurrency exchange Binance will begin automatically converting certain stablecoins on user balances into BUSD from September 29.
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Paxos renames Paxos Standard stablecoin to Pax Dollar
ForkLog 15 24.08.2021

Paxos renames Paxos Standard stablecoin to Pax Dollar

The company behind Paxos Standard (PAX), Paxos, renamed the stablecoin to Pax Dollar (USDP) to make it easier to identify with the U.S. dollar that underpins it.
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Paxos reveals backing for PAX and BUSD stablecoins
ForkLog 6 22.07.2021

Paxos reveals backing for PAX and BUSD stablecoins

US-dollar–pegged stablecoins from Paxos are fully backed by cash and cash equivalents, as well as U.S. Treasury securities. This was stated by the company's general counsel, Dan Burstein.
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Stablecoin market capitalization has surpassed $100 billion
ForkLog 9 26.05.2021

Stablecoin market capitalization has surpassed $100 billion

The combined market capitalization of stablecoins has surpassed the $100 billion mark. Since the start of the year, the figure has risen more than threefold.
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airBaltic adds ability to pay for tickets with Ethereum and Dogecoin
ForkLog 41 29.03.2021

airBaltic adds ability to pay for tickets with Ethereum and Dogecoin

The Latvian airline airBaltic has added the option to pay for tickets with Ethereum, Dogecoin, Bitcoin Cash, USD Coin, Binance Dollar, Gemini Dollar and Paxos.
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USDC and BUSD issuance growth outpaces Tether’s USDT
ForkLog 19 21.01.2021

USDC and BUSD issuance growth outpaces Tether’s USDT

Since September 2020, the growth rate of Tether's (USDT) supply was 82%. In the same period, USD Coin (USDC) grew by 243%, and Binance USD (BUSD) by 512%. This is stated in the Arcane Research report.
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