Binance USD News

The U.S. Securities and Exchange Commission (SEC) alleges that Binance.US has not responded to important inquiries about customer assets and other critical aspects of an active investigation. The SEC has expressed concerns in a joint status report to a Washington,…

Amidst the rollercoaster of cryptocurrency prices, stablecoins promise stability. Yet, with varying levels of resilience and recent depegging events causing concern, the question arises: Are all stablecoins really that stable?

Binance CEO has announced that the exchange will convert $1 billion Industry Recovery Initiative funds to native cryptos such as BTC, ETH, and BNB from BUSD.  Binance co-founder and CEO, Changpeng “CZ” Zhao announced on March 13 that owing to…

BUSD’s market cap has dropped below $10 billion from its all-time high set at $23.49 billion on Nov. 15, 2022.   The market cap drop is a new all-time low in the past two years as the coin faces a regulatory…

Coinbase has announced the suspension of trading for Binance USD (BUSD) on its exchange, citing regulatory guidance as the reason for the decision.

The US Securities and Exchange Commission (SEC) issued a Wells notice to the BUSD issuer Paxos earlier this month. Since the Binance CEO, Changpeng Zhao (CZ), broke the news, the second and third-largest stablecoins have witnessed diverse movements. According to…

Tether, a stablecoin tracking the price of USD, is now claiming that every USDT in circulation is backed “in excess of 81% by cash and cash equivalents” without any exposure to commercial paper.

As the controversy around the third-largest stablecoin Binance USD (BUSD) rises, the only gainer among the top US dollar-pegged crypto assets is tether (USDT). Per CoinMarketCap data, the total stablecoin market cap has also risen. The US Securities and Exchange…

Pomerantz has launched an investigation into Paxos on behalf of customers to unravel any wrongdoing by the Binance USD (BUSD) stablecoin issuer in the wake of the former’s battle with the Securities and Exchange Commission (SEC). Pomerantz investigating Paxos  Pomerantz,…

The crypto community has expressed deep concerns regarding the ongoing controversies between Paxos, which has been instructed to halt issuing BUSD stablecoin, and the US SEC. Paxos and SEC collide on the issuance of BUSD Paxos, a leading blockchain infrastructure…

The US Securities and Exchange Commission (SEC) issued a Wells notice to Binance USD’s (BUS) issuer Paxos on Feb. 13. A few hours after the CEO of Binance, Changpeng Zhao (CZ), broke the news, on-chain activity started to rise. According…

An account named @frxresearch recently proposed that the cryptocurrency exchange Binance develop its own decentralized stablecoin, similar to DAI.

Tether (USDT) trading volumes are up by over 35% less than 12 hours after Paxos, the issuer of BUSD, a competing stablecoin, was directed to stop minting new coins.

Paxos, the issuer of BUSD, has been reportedly told to stop issuing the stablecoin.

Brazilians are increasingly turning to stablecoins as their local currency, Brazil Real (BRL), slides against the USD due to rising inflation.

Paxos announced on its official Twitter account on Tuesday that it is the sole issuer of BUSD. The token is controlled by the organization, and it is being regulated by the New York State Department of Financial Services (NYDFS).