Bitcoin24h $117,810.73+0.21%

Ethereum24h $4,466.53+0.59%

XRP24h $3.12+0.26%

BNB24h $846.34+1.52%

Solana24h $192.17+2.46%

Dogecoin24h $0.2341+0.42%

Cardano24h $0.9408-1.95%

TRON24h $0.3503-0.84%

Chainlink24h $23.62+8.18%

Hyperliquid24h $46.72-2.32%

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.