Bitcoin24h $96,534.99+1.55%

Ethereum24h $2,768.07+5.58%

XRP24h $2.58+1.43%

BNB24h $668.57+4.02%

Solana24h $172.86+2.99%

Dogecoin24h $0.2464+4.12%

Cardano24h $0.7767+2.91%

TRON24h $0.2370+0.10%

Chainlink24h $17.82+3.18%

Avalanche24h $25.84+7.85%

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.