Paxos

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

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Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 milijarde, marking the lowest number of BUSD in circulation since April 2021. Nadalje, data indicates…

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

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V ponedeljek, CEO Binance Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be…

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

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Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Od takrat, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. medtem, a data researcher from Nansen has discovered that Binance,…

Skoraj 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Dnevi

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Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Trenutno, Binance is the most active exchange trading BUSD tokens, and the stablecoin still…

Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% v 2 meseci

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In mid-August, oz 68 pred dnevi, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 milijarde. BUSD’s growth comes at a time when the market valuations of the top…

Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision

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septembra 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy…

Tether izdajatelja stablecoina ne bo zamrznil naslovov Tornado Cash, Pravi, da bi prezgodnja zamrznitev lahko ogrozila preiskave

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While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published blog post…

Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims

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Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 ure. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to…

Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

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V sredo, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with the Financial Action Task Force…

Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin

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Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury, and offering…