Binance USD Financial News

29.11 / 22:35

stablecoins Binance USD CZ binance Support end Binance to End Support for BUSD Stablecoin, Remaining Balances Converted to FDUSD

Major cryptocurrency exchange Binance announced today in a blog post that it will end support for its Binance USD (BUSD) stablecoin on December 15. The move comes after regulators ordered BUSD issuer Paxos to halt minting of the stablecoin earlier this year.

29.09 / 10:19

Binance regulation Binance USD NOT Circle weighs in on SEC vs. Binance case, argues stablecoins are not securities

In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities, partly because those who purchase the assets are not expecting any profit from acquiring them. According to Circle, payment stablecoins do not have the "features of an investment contract" on their own.

31.08 / 08:41

business Stablecoin Binance SEC Paxos Binance USD Support Binance pushes new stablecoin as it confirms plan to cease BUSD support

Crypto exchange Binance has encouraged users to start converting their Binance USD (BUSD) stablecoin holdings into a newly listed stablecoin amid plans to wind down support for BUSD.

23.08 / 02:55

business Binance regulation Binance USD Binance.US taps MoonPay as banking alternative to regain USD ramps

Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform.

07.08 / 13:51

Blockchain Binance coinbase Bitcoin Binance USD Binance sold USDC for another stablecoin — Coinbase CEO

Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows.

17.06 / 21:13

business Stablecoin Binance Altcoin Paxos Binance USD BUSD falls to fourth position among stablecoins

The dollar-pegged Binance USD (BUSD) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows.

06.06 / 20:05

Binance regulation SEC Binance Coin Binance USD SEC’s Binance suit contains heavy mix of predictable charges, novel revelations

The announcement of the United States Securities and Exchange Commission (SEC) suit against Binance, Binance.US and Binance CEO Changpeng Zhao (CZ) may have surprised the crypto community, but the SEC’s focus on the exchange was well known. The suit’s contents were met with a variety of reactions.

06.06 / 19:09

Binance regulation Bitcoin Regulation Binance Coin Binance USD Binance vs. SEC: Crypto industry debates ‘Tai Chi’ vs. ‘Operation Chokepoint 2.0’

The United States Securities and Exchange Commission (SEC) has filed charges against Binance, its U.S.-based exchange entity and its CEO, Changpeng Zhao, for violating securities laws.

01.06 / 11:25

regulation Altcoin Tether Usd Coin Binance USD ATH Tether USDT regulatory Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps

Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance.

28.05 / 17:47

business Stablecoin Altcoin Tether Circle Usd Coin Binance USD USDT market share jumps amid economic uncertainty, USDC shrinks

The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.

31.03 / 10:41

business Binance Payments regulation Fiat Money Binance USD Withdrawals BUSD deposits and withdrawals via OCBS suspended on Binance.US

Amid the ongoing uncertainty around the global banking turmoil, Binance’s United States-based arm Binance.US is halting some services.

28.03 / 05:49

Binance CFTC regulation Binance USD 7 details in the CFTC lawsuit against Binance you may have missed

The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today.

17.03 / 22:43

markets business Blockchain Binance Investments Binance USD Binance replaces BUSD in SAFU Fund with TUSD & USDT

Cryptocurrency exchange Binance announced on March 17 that it has replaced BUSD holdings in the Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move comes in response to Paxos' recent decision to stop minting new Binance USD (BUSD), leading to a decrease in BUSD's market capitalization over time.

13.03 / 21:05

business Blockchain Technology Stablecoin Binance coinbase Binance USD Coinbase disables trading for BUSD

US-based cryptocurrency exchange Coinbase announced the suspension of trading for the Binance USD (BUSD) stablecoin on March 13 via Twitter.

11.03 / 21:29

business Stablecoin defi Circle Usd Coin Binance USD Curve Finance trading volume reaches $7B historic high after USDC depeg

Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the past 24 hours after the Silicon Valley Bank (SVB) collapse triggered a wave of uncertainty across markets and depegged the USD Coin (USDC) from the U.S. dollar.

05.03 / 11:11

business Art Binance NFT hackathon Binance USD BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea

Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-based nonfungible token (NFT) creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a BNB Chain hackathon held in Seoul between Dec. 17 to 19, 2022.

21.02 / 19:09

Stablecoin regulation SEC Paxos Binance USD Paxos is engaged in 'constructive discussions' with SEC: Report

Stablecoin issuer Paxos was reportedly discussing the Binance USD (BUSD) stablecoin with the United States Securities and Exchange Commission following a Wells notice from the financial regulator.

14.02 / 08:49

business Blockchain Stablecoin Binance Paxos Binance USD Withdrawals Redemptions Binance withdrawals and BUSD redemptions surge post Paxos crackdown

Cryptocurrency exchange Binance has seen a surge of withdrawals over the last 24 hours as investors appear to be spooked over recent news of regulatory action against Paxos and its stablecoin Binance USD (BUSD).

14.02 / 01:25

regulation Circle Paxos NYDFS Binance USD reserves Circle blew the whistle on Binance reserves to NYDFS: Report

New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.

13.02 / 11:23

regulation Altcoin Paxos Binance USD Breaking: Paxos reportedly ordered to stop issuing Binance USD

The New York Department of Financial Services has reportedly ordered blockchain company Paxos Trust Co. to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin.

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