Bitcoin24h $104,456.95+0.80%

Ethereum24h $2,507.77+4.26%

XRP24h $2.37-1.55%

BNB24h $658.28+0.08%

Solana24h $174.36+1.82%

Dogecoin24h $0.2337+2.72%

Cardano24h $0.7999-0.38%

TRON24h $0.2625-0.35%

Sui24h $3.97+0.28%

Chainlink24h $16.62+1.51%

BUSD is dead, long live USDT

Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.

Justin Sun’s stablecoins are melting

With no recent capital injections or incentives for short-sellers, solving problems with USDD and USDJ doesn’t seem to be a priority for Sun.

When the Federal Reserve launches FedNow in July, it will supplant most blockchains with cheap, reliable, instant, irreversible settlements.

According to the ECB, as the popularity of stablecoins continues to grow, they pose a greater risk to other non-crypto areas of the economy.

Hedge funds using automated “quantitative” strategies are outperforming, converting the crypto market crash into big profits.