Bitcoin24h $93,485.78+0.67%

Ethereum24h $1,792.50+0.03%

XRP24h $2.22+0.05%

BNB24h $606.51-1.35%

Solana24h $150.14+1.11%

Dogecoin24h $0.1769-2.44%

Cardano24h $0.6937+1.00%

TRON24h $0.2453-0.87%

Sui24h $3.03+9.65%

Chainlink24h $14.87+3.80%

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.