Bitcoin24h $88,681.78+1.42%

Ethereum24h $2,941.04+2.80%

BNB24h $883.94+1.53%

XRP24h $1.91+1.89%

Solana24h $124.88+2.43%

TRON24h $0.2954-0.33%

Dogecoin24h $0.1230+1.07%

Cardano24h $0.3539+2.33%

Bitcoin Cash24h $592.18+2.41%

Monero24h $468.35+4.02%

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.