Bitcoin24h $102,709.23+4.06%

Ethereum24h $2,201.98+19.62%

XRP24h $2.30+6.42%

BNB24h $624.43+2.96%

Solana24h $162.40+8.26%

Dogecoin24h $0.1959+10.89%

Cardano24h $0.7714+11.67%

TRON24h $0.2560+2.76%

Sui24h $3.97+12.32%

Chainlink24h $15.84+10.98%

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.