Bitcoin24h $77,146.69+0.05%

Ethereum24h $2,122.10+0.19%

BNB24h $649.51+1.11%

XRP24h $1.36-0.08%

Solana24h $86.24+1.91%

TRON24h $0.3619+1.14%

Dogecoin24h $0.1047+1.08%

Hyperliquid24h $59.73+16.16%

Zcash24h $666.89+12.41%

UNUS SED LEO24h $10.08+0.33%

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.