Bitcoin24h $105,951.95-2.20%

Ethereum24h $2,628.10-5.03%

XRP24h $2.22-3.89%

BNB24h $672.58-2.39%

Solana24h $165.02-5.67%

Dogecoin24h $0.2085-8.42%

TRON24h $0.2721-1.03%

Cardano24h $0.7088-7.23%

Sui24h $3.51-4.16%

Hyperliquid24h $32.72-6.50%

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.