BUSD
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Buried inside Binance’s proof of reserves is proof of diamond hands among its users
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Paxos is getting off scot-free after the SEC said it wouldn’t pursue legal action against the company
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Binance is preparing to phase out BUSD, but the replacement is struggling to gain on-chain adoption
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What do you mean, you’ve never bet money on a cuddly rodent via Binance Smart Chain?
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The percentage of stablecoins in the total crypto market capitalization has seen a sharp rise in the past two months
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USDT’s dominance is likely the result of headwinds faced by its rivals, USDC and BUSD, in recent weeks, analysts say
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After facing regulatory scrutiny in the US, Binance’s BUSD could be heading the way of the dodo, according to on-chain data and analysts
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Given the regulatory pressure BUSD is facing, suspending trading is a good opportunity for Coinbase to make a move the SEC will appreciate without much of a downside
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US government debt is considered as highly liquid assets leaving little doubt about Paxos’ ability to meet an influx of redemptions on BUSD, analysts say
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BUSD’s circulating supply has dipped by 26% since Paxos received a Wells notice from the SEC
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Stablecoin dominance is one of the only crypto charts to steadily fall over the past 60 days, per Blockworks Research
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After a record year for regulatory action in 2022, the “regulation by enforcement” era has continued into the new year
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“The regulator for the capital of capital markets does not need a single company to bring to its attention a widely evidenced and reported situation,” says Circle spokesperson
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Paxos deposit addresses saw a huge uptick in deposits, meaning there’s more redemptions/burns to come, a Nansen researcher said
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Regulators’ latest actions could mark an expanded interpretation of which stablecoins qualify as securities, one lawyer said — but much is still unknown
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More projects may leave the US for jurisdictions that are more open to innovation, Ume CEO Brent Xu told Blockworks
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Binance chief says they will continue BUSD support but, “foresee users migrating to other stablecoins over time.”
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Analysts say USDT growth resembles similar periods in 2019 and 2020 which coincided with bitcoin bull markets
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The largest crypto exchange is back to holding about 80% of market share relative to 11 other centralized exchanges, up from a low of around 67%
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Osmosis is set to launch a “version of the Curve 3pool, which includes USDC, Tether, and BUSD,” founder Sunny Aggarwal told Blockworks
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Circle currently holds about 31% of the total market share for stablecoins, down from 37% six months ago
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