Bitcoin24h $69,123.22+2.98%

Ethereum24h $2,131.81+3.67%

XRP24h $1.34+1.81%

BNB24h $600.76+1.30%

Solana24h $81.98+1.82%

TRON24h $0.3184+0.16%

Dogecoin24h $0.0924+1.08%

Hyperliquid24h $37.05+2.93%

UNUS SED LEO24h $10.11+0.20%

Cardano24h $0.2568+4.00%

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.