Binance to cease BUSD lending services by October 25
Binance is carrying out a phased termination of BUSD-related services. BUSD withdrawals via various blockchain networks were suspended last month. Binance is currently locked in a legal battle with the…
First Digital USD (FDUSD) reaps big as Binance cease BUSD support
Binance aims to stop support for BUSD by February 2024. The Binance USD stablecoin was being issued by Paxos before the New York Department of Financial Services ordered it to…
BUSD briefly falls to $0.20 on Binance
Binance USD (BUSD) temporarily plunged to $0.20 on Binance on Wednesday. The depeg against DAI happened after a single $647,000 sell order. BUSD quickly regained its $1 peg, with the…
17% of BUSD supply redeemed this week. What next for Binance, BNB and crypto?
Key Takeaways 17% of the BUSD supply has been pulled from exchanges in the last week BNB has been curiously resilient, above the level it was pre-announcement of the BUSD…
What does BUSD shutting down mean for the crypto industry? A deep dive
Key Takeaways The SEC is suing Paxos, the issuer of Binance’s stablecoin, BUSD The stablecoin is to be phased out, with no new tokens minted Over $1 billion has been…
PIP adds support for BNB and BUSD after integrating with the Binance ecosystem
PIP has launched its services in the Binance ecosystem in a bid to make… The post PIP adds support for BNB and BUSD after integrating with the Binance ecosystem appeared…