Binance discontinues BUSD support, prompting users to take immediate action. This strategic move aligns with the exchange's commitment to adaptability in the dynamic crypto landscape.
Huang BoAmidst yet another Class Action lawsuit, Binance is set to discontinue its borrowing and lending services associated with its native stablecoin BUSD by 25 October.
CatherineBinance CEO Changpeng 'CZ' Zhao clarified that the zero fee trading option would stop on BUSD in about a week.
CryptoSlate
Coinlive The recent regulatory action against Paxos and Binance over the partnership's dollar-pegged stablecoin has spooked investors.
decryptBinance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows. Monday’s outflow is the largest in a day since November.
CoindeskBinance’s BUSD stablecoin is currently one of the largest in the crypto sector, but there have been concerns about the stability of the asset.
BitcoinistBinance admitted Tuesday to flaws in its system that left its supply of Binance Smart Chain BUSD, undercollateralized by at least $1 billion.
decryptWazirX will start to convert Tether (USDT), Pax Dollar (USDP), and True USD (TUSD) into Binance USD (BUSD) after delisting the other stablecoins on Sept. 26.
BeincryptoBinance has announced that it will automatically convert USDC, Pax Dollar (USDP), and TrueUSD (TUSD) to Binance USD (BUSD); this feature will come into effect from Sep 29.
Beincrypto