Tether supply hits $80B for the first time since May 2022 — stablecoin rivals stumble
Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins.
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BUSD deposits and withdrawals via OCBS suspended on Binance.US
Binance.US said it temporarily disabled the One Common Billing System and BUSD stablecoin pairs after halting Apple Pay and Google Pay deposits.
Binance replaces BUSD in SAFU fund with TUSD and USDT
Binance assured users that the change would not impact them in any way and that their funds would continue to be held in publicly verifiable addresses.
Coinbase disables trading for BUSD
Coinbase assured users that their BUSD funds would remain accessible and they could still withdraw funds at any time.
Curve Finance trading volume reaches $7B historic high after USDC depeg
The USD Coin depeg led the DeFi protocol to experience a record-breaking daily trading volume as crypto whales fight for assets.
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.
BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Chatcasso won the first prize in the BNB Chain hackathon for creating an AI-powered tool for creating NFTs and won $5,000 in BUSD, held in Seoul between Dec. 17 to…
Is the SEC’s action against BUSD more about Binance than stablecoins?
The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance.
Paxos is engaged in ‘constructive discussions’ with SEC: Report
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security.
Tether market cap nears $70B as SEC crypto crackdown hurts stablecoin rivals
Tether’s USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin.