Bitcoin24h $117,282.27+0.89%

Ethereum24h $4,591.47+0.93%

XRP24h $3.08+0.86%

BNB24h $986.33+1.90%

Solana24h $247.46+1.68%

Dogecoin24h $0.2797+0.42%

TRON24h $0.3505+2.51%

Cardano24h $0.9257+2.69%

Hyperliquid24h $57.99+1.59%

Chainlink24h $24.56+2.53%

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.