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Binance to Swap BUSD Held in User Protection Fund for USDT and TUSDT
/ Crypto

Binance to Swap BUSD Held in User Protection Fund for USDT and TUSDT

Binance said it replaced its BUSD assets in the SAFU fund with USDT and TUSD.

March 17, 2023
Binance’s BUSD Was Once a Top Stablecoin, But Now Rendered Obsolete by Regulations

Binance’s BUSD Was Once a Top Stablecoin, But Now Rendered Obsolete by Regulations

Following the demise of BUSD, both USDT and USDC gained more inflows than other alternatives combined.

February 27, 2023
Coinbase to Suspend BUSD Trading on March 13th

Coinbase to Suspend BUSD Trading on March 13th

Coinbase announced that it will suspend BUSD trading in March as the stablecoin no longer fulfills its listing.

February 27, 2023
Paxos Strongly Disagrees With SEC on BUSD, Willing to “Vigorously Litigate”

Paxos Strongly Disagrees With SEC on BUSD, Willing to “Vigorously Litigate”

Paxos recently confirmed it had received a Wells notice from the SEC and stated it is willing to fight the allegation that BUSD is a security.

February 13, 2023
BUSD Issuer Ordered to Stop Minting New Tokens: Report

BUSD Issuer Ordered to Stop Minting New Tokens: Report

New York financial regulator has ordered Paxos to stop issuing the dollar-pegged BUSD.

February 13, 2023