Cryptocurrency exchange Coinbase warned customers Monday the company will suspend trading for Binance USD in less than a month, two weeks after Paxos Trust disclosed it will stop minting the Binance-b...
Tag: Stablecoin
Coinbase Will Delist Paxos-Issued Stablecoin Binance USD (BUSD)
2 hours ago | 2 mins read Altcoin News Binance USD (BUSD) trading will be suspended on four Coinbase platforms. The market cap of the stablecoin Binance USD (BUSD) declined 2.06% in the last 24h. Cryp...
Coinbase to Suspend Binance USD (BUSD) Stablecoin Trading
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced that it will suspend trading for the Bi...
Crypto Exchange Coinbase Suspends Trading Of BUSD Stablecoin! Will BUSD Be The Next Depegged Stablecoin After UST?
As stablecoins are gaining a lot of attention, they have attracted the deadly eyes of regulatory bodies over whether they are being traded as security. Binance USD (BUSD), one such stablecoin that has...
Binance reportedly moved $1.8 billion of collateral backing customers stablecoin
Binance moved over $1 billion of customer funds meant as reserves for B-tokens last year The funds were sent to firms like Alameda Research, Cumberland, and Tron Binance CSO stated that there was “no ...
Coinbase to Halt Binance Stablecoin (BUSD) Trading
Despite planning to halt BUSD trading by next month, Coinbase said users would have complete access to their Binance stable coin funds. San Francisco-based cryptocurrency exchange Coinbase has announc...
Coinbase Releases Major Update, Says Binance USD (BUSD) Stablecoin Set for Delisting – Here’s When
The largest US-based crypto exchange by trading volume has released a major update involving the embattled stablecoin project Binance USD (BUSD). According to a new announcement, Coinbase says they wi...
USDT takes over Venezuela — How merchants are using the top stablecoin – Cryptopolitan
In the midst of economic turmoil and international sanctions, Venezuela is turning to cryptocurrencies to conduct business. Local reports have indicated that USDT, the dollar-pegged stablecoin issued ...
Circle CEO Criticizes SEC Stablecoin regulations
According to Jeremy Allaire, founder and CEO of Circle, the United States Securities and Exchange Commission is not the suitable institution to oversee stablecoins. The chief executive officer of Circ...
Mastercard Supports Stablecoin Transactions with Its partnership with Immersive
Join Our Telegram channel to stay up to date on breaking news coverage Mastercard has announced a partnership with a web3 technology company Immersive, to offer an all-new crypto-enabled method of pay...
Stablecoin Dominance At 9-Month Low After SEC Targets Binance Dollar
Stablecoin dominance has been declining all year, but recent threats by the SEC might have pushed it lower. The metric, which tracks how much of crypto’s total market value is stablecoins, has dropped...
Circle reports an increase in USDC stablecoin circulation
On Feb. 23, in response to the BUSD incident, Circle reported a significant increase in the circulation of their stablecoin, USDC. They have issued 2.1 billion and redeemed 1.5 billion coins, resultin...
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance – Altcoins Bitcoin News
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of th...
SEC Commissioner Wants Stablecoin Regulations Postponed
SEC Commissioner Hester Pierce has urged authorities to refer stablecoin rules to Congress as the discussion over cryptocurrency laws continues. Several people are surprised by this since they thought...
Circle CEO says stablecoin regulation should not be assigned to U.S. SEC
Ad Circle CEO Jeremy Allaire told Bloomberg on Feb. 23 that the U.S. Securities and Exchange Commission should not be tasked with regulating stablecoins. Allaire said during an interview with the publ...
Billions of BUSD Stablecoin Being Burned Amid Regulatory Crackdown
4 hours ago | 2 mins read Editors News Earlier Paxos burned more than $700 million of BUSD tokens. Binance intends to move an astounding 2 billion BUSD stablecoin to a dead wallet. As per the crypto w...
Circle Euro Stablecoin Finally Gets A Run On Coinbase
Coinbase, one of the largest centralized crypto exchanges in the world, is adding Circle’s euro-pegged stablecoin (EUROC) to its token roster. EUROC is a stablecoin issued by Circle pegged one-to-one ...
US watchdogs issue joint warning to banks over liquidity risks stemming from crypto, stablecoin reserves
Ad U.S. regulators issued a joint statement to banks on Feb. 23 warning of liquidity risks stemming from cryptocurrency-related clients and their deposits, Reuters reported. The letter was issued by t...
crypto regulation against stablecoin- The Cryptonomist
The various states, in no particular order, continue to take initiatives regarding the regulation of crypto, and in particular stablecoins. The latest initiative in this regard is by the Canadian Secu...
The SEC’s Stablecoin Crackdown May Change The Crypto Industry As A Whole
Join Our Telegram channel to stay up to date on breaking news coverage Stablecoins are now in the SEC’s focus. For failing to register the product as a security, it purportedly intends to sue Paxos, a...
Frax Finance to retire algorithmic backing amid stablecoin crackdown
The community of decentralized finance stablecoin protocol Frax Finance has voted to fully collateralize its native stablecoin Frax (FRAX), marking an end to the algorithmic backing of the protocol. T...
Mastercard Rolls Out System Allowing for Stablecoin Payments Directly From Crypto Wallet
A collaboration between financial services giant Mastercard and web3 tech company Immersve is set to offer a new option for paying physical, digital and metaverse purchases using crypto assets. Immers...
Stablecoin Issuer Sets Ambitious Hiring Goals For 2023, Eyes 25% Staff Increase
Stablecoin issuer Circle ended 2022 with approximately 900 employees and has announced plans to add 135 to 225 new personnel this year. The company remains focused on increasing its workforce in order...
Coinbase Adds Support for Euro-Pegged Stablecoin After Binance CEO Predicts New Trend for Crypto Sector
Coinbase is adding support for an Ethereum (ETH)-based stablecoin that aims to stay pegged to the Euro to its crypto trading platform. The top US crypto exchange announced Euro Coin (EUROC) as the lat...
Stablecoin Scandal: SEC Probes Potential Violations of Investor-Protection Laws
The US Securities and Exchange Commission (SEC) is investigating whether stablecoins are among the products that were issued in violation of investor-protection laws. The SEC enforcement lawyers have...
Stablecoin Tether gains market cap from BUSD
CryptoCompare’s new report highlights the performance of stablecoins in February, in particular the stablecoin BUSD, which suffered an 18% decline in market cap, and Tether (USDT), which benefited fro...
Binance Stablecoin Flipped By Cardano, Polygon As Billions Burn
Binance-branded stablecoin BUSD has taken a beating since issuer Paxos confirmed receipt of an ominous Wells notice from the SEC, falling to ninth place on crypto market cap leaderboards. BUSD is now ...
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting – Bitcoin News
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueus...
Stablecoin: to Reuters, the winner is Tether
Today, Reuters published an article by Medha Singh and Lisa Pauline Mattackal in which they bluntly state that the winner in the stablecoin market so far is Tether. Indeed, looking at the changes in t...
Euro-backed stablecoin, Euro Coin set to trade on Coinbase
Support for Euro Coin (EUROC), a euro-backed stablecoin, will go live on Coinbase in regions where trading is supported, the exchange said on Twitter. Trading is slated to begin on or after 9 a....
Paxos in Talks With SEC Over Binance Stablecoin: Report
Major blockchain infrastructure platform Paxos Trust Company is holding discussions with the US Securities and Exchange Commission (SEC) concerning Binance stablecoin BUSD, according to a report by Re...