Crypto exchange Binance will cease borrowing and lending services for its native stablecoin Binance USD (BUSD) by October 25. According to the October 3 announcement, the exchange will close all ...

Binance-peg BUSD, essentially a derivative of BUSD created by Binance for blockchains other than Ethereum ETH, is also likely to wind down, said the executive: “Along with Ethereum users there ...

So what . The drop in BNB comes as its stablecoin (BUSD) issuer, Paxos, was ordered to stop minting new tokens. This could cripple its stablecoin efforts and comes after its auditing partner ...

Binance said its BUSD-linked stablecoin hasn't always had the dollar backing needed for its price to stay fixed. The peg for the listed crypto token wore thin due to a "timing mismatch", the ...

Zhao wrote that because of this move, Binance would start to see users “move away” from BUSD and toward other currencies supposedly backed 1:1 by the U.S. dollar.

Crypto exchange Coinbase COIN announced today that it will suspend trading for beleaguered stablecoin Binance USD (BUSD) on March 13. The blockchain-based digital dollar, which operates on ...

Binance to support BUSD while exploring non-USD stablecoins, CZ says BUSD is the seventh largest cryptocurrency by market value at the time of writing, with a market capitalization of $16 billion.