Bitcoin24h $85,452.43-0.82%

Ethereum24h $2,828.73-0.07%

BNB24h $831.22-1.24%

XRP24h $1.81-2.74%

Solana24h $119.68-2.90%

TRON24h $0.2792-0.03%

Dogecoin24h $0.1222-3.09%

Cardano24h $0.3521-3.92%

Bitcoin Cash24h $566.28+3.71%

Chainlink24h $11.97-2.16%

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.