Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive...
Summary: Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum. Zeller argued that the Paxos-issued stablecoin...
Summary: Binance Holding Ltd is reassessing its position in the U.S. and could cut ties with its partner firms in...
Binance moved BUSD from its SAFU insurance fund into USDT and TUSD since Paxos cannot mint new BUSD coins.
Binance USD (BUSD) is now ranked 10th on Coinmarketcap Binance USD’s market cap has exceeded $11 Billion There are now...
A report by Forbes found that Binance secretly transferred $1.8 billion worth of funds to several hedge funds in August 2022. The funds were meant to back B-peg USDC belonging to the exchange's customers.
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.
Summary: Circle CEO Jeremy Allaire supports Binance’s latest stablecoin announcement. Binance said USDC, TUSD, and USDP would be removed as...