Binance Announces Discontinuation of Binance USD (BUSD) Support
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.
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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.
The recent regulatory action against Paxos and Binance over the partnership's dollar-pegged stablecoin has spooked investors.
After the collapse of FTX, it is visible that the US is continuously increasing its regulation of cryptocurrencies. Rumors of US crypto regulation have been confirmed in the past two weeks.
Binance’s BUSD stablecoin is currently one of the largest in the crypto sector, but there have been concerns about the stability of the asset.
Binance admitted Tuesday to flaws in its system that left its supply of Binance Smart Chain BUSD, undercollateralized by at least $1 billion.
WazirX 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.
UST market cap has surged to flip BUSD. However, its trading volumes are still only around one-fifth worth of the Binance digital dollar.