Bitcoin24h $64,438.20+0.72%

Ethereum24h $1,871.47+1.48%

BNB24h $567.74-0.39%

XRP24h $1.10+0.87%

Solana24h $76.12+1.62%

TRON24h $0.3273+1.36%

Hyperliquid24h $61.05+4.03%

Dogecoin24h $0.0726+0.54%

Zcash24h $556.89+3.11%

UNUS SED LEO24h $9.81+0.24%

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.