BUSD
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NYDFS asks Paxos to halt issuance of BUSD; Coinbase affirms currency’s non-security status
According to reports, Coinbase said in its official tweet that this week the New York State Department of Financial Services (NYDFS) asked Paxos to stop issuin…
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Cryptocurrency Market Value Falls Below US $1 Trillion as BUSD Issuance Is Suspended
It is reported that the total market value of cryptocurrency fell below US $1 trillion after Paxos, the issuer of the US dollar stable currency, announced the …
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NYDFS Halts BUSD Issuance by Paxos, Binance’s Stablecoin Issuer
It is reported that Circle reported to the New York Financial Services Department (NYDFS) in the fall of 2022, complaining that the blockchain data showed that…
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Paxos Trust Company’s BUSD Made Vulnerable for Use by Bad Actors
According to reports, a spokesman for the New York Financial Services Department (NYDFS) told Reuters on Monday that the management of the Paxos Trust Company\’…
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BUSD and Paxos: A Regulatory Circle in the World of Securities
7:00-12:00 Key words: Circle, BUSD, Paxos, SEC, Yingtou Securities
Summary of important developments at noon on February 14
Interpretation of the …
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BUSD Dominates as the Preferred Reserve Certificate on Blockchain
According to the report, according to the data of Dune Analytics, at present, the largest proportion of the reserve certificates on the blockchain of Coin and …
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Dominance of Stable Currency and its Implications on Cryptocurrency Market
On February 14, according to the data of The TIE and CoinGecko, the total market value of stable currency is about 138.5 billion US dollars, Tether\’s market sh…
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Significant Drop in BUSD Market Value
It is reported that according to PeckShield monitoring, about 342 million BUSDs have been destroyed in Paxos Treasury in the past 24 hours, and the market valu…
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FTX Crash Leads to Drop in Market Value of USDC
It is reported that the market value of USDC has shrunk by nearly US $7 billion since the FTX crash in October 2022. Glassnode data shows that before the FTX c…
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NYDFS orders Paxos to stop issuing BUSD due to supervision problems with Qian’an
On February 14, the New York State Department of Financial Services (NYDFS) officially explained that: \”The department has ordered Paxos to stop casting the BU…
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Largest Single Day Net Outflow of Cipher Exchange’s Currency Security since 2022 due to Regulatory Measures
On February 14, Nansen data showed that the net outflow of Cipher Exchange\’s currency security was about 831 million US dollars in the past 24 hours, which was…
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OKX Founder Supports Regulated Stable Currencies and Discusses BUSD Case
It is reported that Xu Mingxing, the founder of OKX, reiterated that OKX highly supports regulated stable currencies such as USDC and has no plans to launch OK…
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BUSD-USDT Pairs’ Trading Volume Increased by 4836.2% Since Paxos’ Announcement
On February 13, according to CryptoCompare data, since Paxos announced that it would stop issuing new BUSD and terminate its partnership with Binance on Februa…
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Paxos Treasury Destroys a Massive Amount of BUSD on the Ethereum Chain
It is reported that according to Whale Alert data, Paxos Treasury destroyed 144469760 BUSDs on the Ethereum chain at 21:47 Beijing time today.
Paxos Tr…
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Regulatory action against Paxos affects BUSD anchor price stability
On February 13, it was reported that after the US SEC took regulatory action against the issuer of BUSD, Paxos, the anchor price of BUSD began to be unstable. …
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Aave Community Proposes Freezing BUSD Reserves in Aave V2 Market
On February 13, the Aave community launched a proposal aimed at freezing the BUSD reserves in the Aave V2 Ethereum market. The proposal believed that the circu…
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USDT Takes the Lead as Stablecoin Market, Gathers Momentum
According to the report, the data shows that the total market value of the US dollar stable currency is US $138.5 billion at present, with USDT accounting for …
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Paxos commits to supporting BUSD until 2024
On February 13, Paxos said that the existing BUSD would be fully supported and redeemed at least until February 2024.
Paxos: The existing BUSD will be …
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Binance to Continue Supporting BUSD Despite SEC Investigation
On February 13, CZ, the founder of Binance, responded to the recent incident of \”SEC investigating the stable currency issuer Paxos\” and said that in the fores…
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SEC’s Struggle in the Crypto Space
According to reports, Frank Chaparo, the News Director of The Block, tweeted th