Bitcoin24h $63,934.14-1.97%

Ethereum24h $1,872.49-2.79%

BNB24h $598.19-0.84%

XRP24h $1.01-3.06%

Solana24h $75.76-1.48%

TRON24h $0.3314+0.55%

Hyperliquid24h $55.07+0.85%

Dogecoin24h $0.0701+0.09%

UNUS SED LEO24h $9.50-1.50%

Zcash24h $490.26-3.89%

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.