Binance's BUSD has suffered over $500 million in outflows following the lawsuit brought by the CFTC. However, the impact on the stablecoin was comparatively limited to that seen after the enforcement action on Paxos last month.
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Nasdaq Inc. is aiming to launch its digital asset custody service by the end of the second quarter. The stock exchange operator is seeking a trust company charter from the NYDFS for the same.
Shareholders of Signature Bank have sued the bank and three of its former executives for fraud. The class action lawsuit accused the bank of misrepresenting its financial health.
Summary: Crypto exchange Coinbase reinstated USDC/USD conversions on Monday after turbulence over the weekend. Circle previously halted stablecoin minting after...
Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive...
Coinbase said BUSD does not meet listing standards shortly after Paxos was ordered to stop minting the Binance-branded stablecoin.
Summary: Voyager Digital is set to keep over $445 million in dispute loans until a bankruptcy court issues a settlement....
Paxos CEO Charles Cascarilla told his employees that the firm was in constructive discussions with the U.S SEC over its Wells notice and the security status of BUSD.