BUSD
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New York Financial Services Department Diverts Coin’s Stable Currency Strategy
It is reported that the New York Financial Services Department (NYDFS)\’s BUSD casting ban forced Coin to find other stable currency alternative solutions to me…
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Paxos Treasury destroys over $129 million worth of BUSD
According to reports, Whale Alert data showed that Paxos Treasury destroyed 129756185 BUSD.
Paxos Treasury destroyed 129756185 BUSD
Interpretation…
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Paxos Treasury Effectively Reduces BUSD Supply Through Burns
According to the report, Whale Alert data showed that the Paxos Treasury destroyed 125021066 BUSD.
Paxos Treasury destroyed 125021066 BUSD
Interpr…
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BUSD’s Market Value Dips by 45% in Three Weeks
On March 5, according to CoinMarketCap data, the market value of BUSD has evaporated by 45% in three weeks, and has now fallen below $9 billion, with the curre…
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BUSD’s Circulation Supply Declines to 9.5 Billion USD as Redemptions Rise
According to the report, the data showed that as of the time of press release, the circulation supply of the stable currency Binance USD (BUSD) issued by Paxos…
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Paxos Treasury Destroys over 138 Million BUSD according to Whale Alert Data
According to reports, Whale Alert data showed that Paxos Treasury destroyed 138440221 BUSD.
Paxos Treasury destroyed 138440221 BUSD
Interpretation…
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BUSD market value falls below US $10 billion threshold
It is reported that the market value of BUSD has fallen below the threshold of US $10 billion according to the data of Coingecko, and is currently US $96320229…
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Decrease in Stable Currency Supply and Trading Volume
According to the report, according to the data of The Block Research, the supply of stable currency issued in February further contracted to US $128.4 billion,…
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Coinbase Suspends BUSD Trading: A Move Done Out of Liquidity Concerns
According to reports, Brian Armstrong, CEO of Coinbase, said on Wednesday that the decision of the Exchange to suspend BUSD trading was due to liquidity concerns. Armstrong said: “The reason we did this is that the issuer of BUSD, Paxos, has been ordered to stop casting it, so we are worried about the liquidity of customers.”. Coinbase CEO: The decision to remove BUSD from the shelf is based on the concern about liquidity Analysis based on this information:Coinbase, one of the leading cryptocurrency exchanges in the world, announced on Wednesday that it had suspended trading for the stablecoin BUSD. Brian Armstrong, the CEO of Coinbase, justified the move by citing concerns over liquidity. He explained that the reason behind this decision was Paxos, the issuer of BUSD, has been ordered to stop casting it. Hence, there is a potential risk regarding the liquidity of Coinbase’s customers, which could be harmful to the overall experience. The suspension of BUSD trading occurred…
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Paxos assures protection of customer funds through banking partnerships
It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement to Silvergate Bank on social media. Paxos said that it had no…
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Large BNB Customer Withdraws 21.56M BUSD from Venus, Causing Surge in Deposit Rate and Negative Loan Rate
On March 2, the data on the chain showed that a large BNB customer (0xd1… c86b) withdrew about 21.56 million BUSD deposits from Venus at 15:57 this afternoon…
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BUSD, Coinbase, and Robin Hood: DCG Report Reveals Cryptocurrency Trends
21:00-7:00 Key words: BUSD, Coinbase, Robin Hood, DCG report
Overview of important developments overnight on February 28
Interpretation of the new…
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BUSD Suffers Massive Losses
According to reports, Andrew T, an analyst at Nansen, said on the social platform that more than US $6 billion of BUSD has been destroyed in the past 30 days, …
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BUSD Drops in Market Value and Out of Top 10
According to the report, according to the data of Coingecko, the current market value of BUSD has dropped to $11136982794, which was surpassed by DOGE ($112791…
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Platypus Attacker Steals Cryptocurrencies and Transfers Them Across Chains
According to the report, according to the data of MistTrack in Slow Fog, the Platypus attacker exchanged 10654 AVAX for 127 WETHs and then transferred them to …
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Paxos Treasury Destroys Over 93 Million BUSDs
According to reports, according to Etherscan data, Paxos Treasury destroyed 93336183 BUSDs one hour ago (17:21:23 UTC, February 22).
Paxos Treasury des…
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US Regulators Aim to Stabilize Currency Market
It is reported that stabilizing the currency market has become a major goal of US regulators. After the news that BUSD (the dollar-based stable currency of Bin…
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Paxos Challenges SEC’s “Wells Notice” Claiming BUSD as Security
It is reported that Charles Cascarilla, CEO of Paxos, raised an objection to the unilateral \”Wells Notice\” issued by the Securities and Exchange Commission of …
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Tether’s Market Value Rises Amidst BUSD’s Regulatory Issues
It is reported that the market value of the stable currency issuer Tether (USDT) has increased by US $1.9 billion to US $70.3 billion since the news that the N…
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Disparity in the Distribution of Stablecoins in Crypto Reserves
On February 22, Nansen data showed that among the current reserves of nearly $3.372 billion, the proportion of USDC rose to 55.78%, about 1.877 billion; Howeve…