Binance will end support for BUSD stablecoin in December
Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
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Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
The approval followed a similar move by regulators in Singapore, where Paxos said its local entity would launch a U.S. dollar-backed stablecoin.
Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000.
Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoin is likely to have an unshakable place in the economy, Sebastián Serrano said.
Consensys senior counsel and director of global regulatory matters Bill Hughes spoke at the North American Blockchain Summit on crypto bills and their role in politics.
Easy Crypto launched the aptly named New Zealand Dollar Stablecoin (NZDD) in partnership with an Australian blockchain development firm.
Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether.
The stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible for a “pig butchering” romance scam.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push.