Bitcoin24h $104,955.03-0.34%

Ethereum24h $2,527.54-0.71%

XRP24h $2.16-0.34%

BNB24h $645.25-1.10%

Solana24h $145.40-2.02%

TRON24h $0.2759+0.76%

Dogecoin24h $0.1703-0.76%

Cardano24h $0.5995-2.88%

Hyperliquid24h $37.90-6.43%

Sui24h $2.81-1.56%

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.