Bitcoin24h $105,987.33-0.36%

Ethereum24h $3,872.07-2.96%

XRP24h $2.57+3.96%

Solana24h $221.17+3.09%

BNB24h $718.53-0.00%

Dogecoin24h $0.3936-1.57%

Cardano24h $1.05-1.93%

TRON24h $0.2799-5.04%

Avalanche24h $47.72-3.28%

Chainlink24h $28.11-2.04%

80% of all BUSD ever created has been burned — how long can it last?

With BUSD’s market cap at $4.5 billion, it looks to be just a matter of time before the former top-three stablecoin vanishes completely.

Explained: How Binance’s stablecoin BUSD can be a security

In its lawsuit against Binance, the SEC has clearly explained for the second time how a stablecoin can be offered to investors as a security.

The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.

Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.