Bitcoin24h $110,748.02-1.43%

Ethereum24h $4,297.30-2.75%

XRP24h $2.81-1.38%

BNB24h $858.69+0.99%

Solana24h $202.81-1.73%

Dogecoin24h $0.2142-1.30%

TRON24h $0.3314-1.78%

Cardano24h $0.8209-1.02%

Hyperliquid24h $46.75+0.96%

Chainlink24h $22.14-3.12%

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.