BUSD activity in decline as Tether gains market share
This is the analysis of Glassnode Activity in the segment has been falling since February, when Paxos suspended new token issuance BUSD came under sanctions in the US Tether is gradually taking its market share USD capitalization is close t ...
TrueUSD (TUSD) becomes the most popular stablecoin for trading volumes on centralized exchanges paired with bitcoin
According to a report by Kaiko, a data analytics firm, TrueUSD (TUSD) has surpassed USDT and BUSD as the most popular trading asset paired with bitcoin on centralized exchanges. This significant shift can be attributed to the aggressive promotion of TUSD by Binance, which has led to a 168% increa ...
Binance Terminates Zero-Fee Bitcoin Trading Pairs, Except TUSD/BTC
Binance, a popular cryptocurrency exchange, recently made changes to its fee structure for Bitcoin trading pairs. Previously, Binance had offered a nine-month promotion that eliminated all commissions for Bitcoin spot trading, which experts say helped the exchange increase its market share signif ...
AAVE Freezes BUSD Reserves Following NYDFS Ban and Decreasing Market Demand
The unanimous approval of the proposal to freeze BUSD reserves in the Ethereum Aave V2 pool took effect on February 27th. According to comments posted on the official DeFi AAVE protocol resource, the decision to block Binance USD (BUSD) stablecoins was made despite the fact that BUSD is not a borrow ...
US Regulators Target Paxos Over BUSD Stablecoin: Will Other Stablecoin Issuers Be Next?
The US SEC and a financial regulator in New York have launched investigations against Paxos, the operator of BUSD stablecoin which is owned by Binance exchange. It is unclear whether the attack is solely directed towards Binance or whether other stablecoin issuers could be targeted next. Recently, t ...
Concerns Over Binance USD (BUSD) Stablecoin: Dogecoin Foundation Board Member Speaks Out
A member of the Dogecoin Foundation's board, known on Twitter as Mishaboar, has expressed concerns over the recent conflict surrounding Paxos and Binance USD (BUSD) stablecoin. Mishaboar stated that Binance CEO Changpeng Zhao attempted to downplay BUSD's significance in the exchange's ecosystem, des ...
Stablecoin Market Update: USDT Regains Majority Share
According to data from CoinGecko, the stablecoin market saw a shift in dominance as the largest stablecoin by capitalization, USDT, gained a majority share of 51.31%, for the first time since May 2022. USD Coin (USDC) came in second with 30.64% of the market, while Binance USD (BUSD) accounted for 1 ...
Paxos CEO Disagrees with Regulators over BUSD Classification as Security
Paxos' CEO, Charles Cascarilla, has expressed his disagreement with regulatory bodies' views on BinanceUSD (BUSD), a stablecoin, being classified as a security. He stated that Paxos has always strived to maintain good relationships with regulators and comply with the law since its inception. Howe ...
Binance Reduces Tron Network Fees for Its Clients Due to User Outrage
The increase in fees for withdrawing funds from Binance in the Tron network did not find understanding among the crypto community. The innovation lasted about a day.Last Friday, February 10, Binance, one of the largest cryptocurrency exchanges, officially announced an increase in fees for ...