BUSD
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Proposed Republicans House of Representatives Draft for Stable Currency Legislation
According to reports, Republicans in the US House of Representatives have proposed a new draft of stable currency legislation that will deprive the agency of jurisdiction over the
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Understanding the Recent Drop in USDC, BUSD, and GUSD Supplies on Ethereum: A Closer Look
According to reports, The Block data shows that the supply of USDCs on Ethereum has dropped by over $10 billion compared to the beginning of the year, and is currently around $30.8
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The Shrinking Market Value of BUSD by Paxos: What does it mean?
According to reports, according to the latest data from Coinsecko, the market value of the US dollar stable currency BUSD issued by Paxos has fallen below $7 billion, compared to $
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Understanding the Latest Data on Stable Coin Supply: USDT, USDC, and BUSD
According to reports, according to the latest data from blockchain analysis company Glassnode, the supply of USDT has continued to rise since the FTX crash (reaching over $80 billi
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The Rise of USDT: Why Traders are Choosing it over USDC and BUSD
According to reports, data shows that the circulating market value of USDT has exceeded $80 billion for the first time since May 2022, and has risen by $15 billion so far in 2023.
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The Rise of USDT: Why Cryptocurrency Traders are Choosing It Over Other Stablecoins
According to reports, data shows that the circulating market value of USDT has exceeded $80 billion for the first time since May 2022, and has risen by $15 billion so far in 2023.
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The Temporary Suspension of BUSD Stable Currency Pairs on Binance.US
According to reports, the status panel of Binance.US shows that BUSD stable currency pairs have been disabled through the One Common Billing System (OCBS). The affected services in
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Understanding Coin Security’s Investment Portfolio: A Look at the Latest Report by Nansen
According to reports, data from the blockchain analysis company Nansen shows that the on-chain investment portfolio of Coin An is currently $64 billion. USDT, BTC, ETH, BUSD, and B
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Cryptocurrency Exchange, Coin An’s $64 Billion On-Chain Investment Portfolio
According to reports, data from the blockchain analysis company Nansen shows that the on-chain investment portfolio of Coin An is currently $64 billion. USDT, BTC, ETH, BUSD, and B
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CryptoQuant: BUSD exchange balance decreased by 500 million pieces
According to reports, CryptoQuant data shows that after the CFTC initiated a lawsuit against the currency security incident in the United States, the balance of the BUSD exchange d
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Destruction of 119.9 Million BUSD in Paxos Treasury Results in Shrinking Market Value
According to the latest data from Coinsecko, after the destruction of 119.9 million Binance USD (BUSD) in Paxos Treasury, the market value of BUSD has fallen below $8 billion, comp
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The Destruction of 119,900,000 BUSDs: What Does it Mean and How Will it Impact the Ethereum Network?
On March 27, according to Whale Alert monitoring, Paxos Treasury destroyed 119900000 BUSDs on the Ethereum network at 21:41:23.
Paxos destroyed 119.9 million BUSDs
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CEO of Coin Security: Transferring zero fee BTC transactions from BUSD to TUSD
According to reports, the CEO of Coin Safety said that in view of recent events, they are transferring the zero fee BTC transaction from BUSD to TUSD. Interpretation of this information: The cryptocurrency industry never runs out of surprises as major players constantly search for ways to undertake faster and more secure transactions. Just recently, reports surfaced that the CEO of Coin Safety announced a significant move that would transfer zero-fee BTC transactions from BUSD to TUSD. It is no secret that both BUSD and TUSD are stablecoins, offering users…
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Coinbase: BUSD can still be extracted at any time
According to the report, Coinbase Assets posted on social media that although Coinbase has disabled the Binance USD (BUSD) transaction, the user’s BUSD funds can still be used, and the user can withdraw funds at any time. Interpretation of this information: Coinbase Assets, a popular platform for trading cryptocurrencies, recently posted on social media about the decision of disabling transaction of Binance USD (BUSD) on their platform. However, they also confirmed that users would still be able to use the BUSD funds they have, and withdraw their funds at any…
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CZ: US $1 billion “Industry Recovery Fund” will be converted from BUSD to BTC, BNB and ETH
On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. Interpretation of this information: The founder of Binance, CZ, has recently announced a significant move in the company’s industrial recovery plan funds. With changes in the stable currency and bank, the remaining…
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BUSD’s short-term premium rose to $1.03
On March 13, CoinGecko data showed that the US dollar stable currency BUSD issued by Paxos had a short-term premium, once rising to the peak of US $1.03, and now it has dropped slightly to US $1.01, with a 24-hour increase of 1.5%, and the market value has risen to US $8.44 billion. Interpretation of this information: The US dollar stable currency BUSD, issued by Paxos, experienced a short-term premium on March 13, where its value rose to a peak of $1.03. This means that for a short time, the…
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Binance will reopen the USDC USDT spot trading pair today and launch the TUSD trading pair in BTC, ETH and other currencies
On March 11, according to the latest announcement, Binance announced that it would open BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot trading pairs at 22:00 Beijing time today. In addition, Binance has basically stopped the BUSD automatic exchange service of USDC, USDP and TUSD newly recharged by users, and users will no longer be able to withdraw USDC, USDP or TUSD from their BUSD balance. Any user who wants to convert his/her BUSD balance to USDC or USDP in a 1:1 ratio can manually operate it on the Binance…
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Binance: suspending automatic conversion of USDC is its routine risk management measure
On March 11, Binance said in a message on social media that due to the current market situation, the massive inflow of USDC assets increased the burden of automatic conversion, so Binance suspended the automatic conversion from USDC to BUSD, which is a routine risk management procedure step taken by Binance when monitoring the situation. Interpretation of this information: Binance, one of the largest cryptocurrency exchanges in the world, has suspended its automatic conversion from USD Coin (USDC) to Binance USD (BUSD) due to the current market situation. In a…
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The USDC automatic conversion BUSD function of the Binance platform has been temporarily turned off
On March 11, according to the Binance platform, the USDC automatic conversion BUSD function has been temporarily closed. According to the asset certificate of Binance platform, the USDC capital output of Binance platform exceeds 3.5 billion dollars. Interpretation of this information: The message suggests that the Binance platform has temporarily closed the USDC automatic conversion to BUSD function. This means that users will not be able to automatically convert USDC tokens to BUSD tokens in their accounts. The reason for this closure is not provided by the platform, but it…
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Paxos issued a statement on Silvergate Bank: the platform has built-in bank redundancy
It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement on Silvergate Bank on social media, which said that Paxos had almost no contact with Silvergate Bank. Last week, we stopped SEN connection and wire transfer to the Silvergate account of Paxos, and continue to process outgoing withdrawals. As a regulated institution, Paxos has always focused on protecting customers’ funds, and the platform has built-in banking redundancy. Interpretation of this information: In a recent statement, Paxos, the issuer of the US dollar stable…