BUSD
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Institutions Eyeing Launch of New Stable Currency to Replace BUSD
It is reported that some institutions have contacted and proposed to launch a new stable currency to replace BUSD. According to Patrick Hillmann, the chief str…
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Tether Stable Currency Returns to Market Value of over $70 Billion
It is reported that according to the latest data of Coingecko, the market value of the stable currency Tether has returned to above 70 billion US dollars, reac…
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BUSD Loses Ground to OKB in Cryptocurrency Market
It is reported that according to the latest data of coingecko, the current market value of BUSD has dropped to 13379456826 US dollars, which has been surpassed…
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Regulatory Action Targets BUSD but not other Cryptocurrencies, says Bernstein
It is reported that Bernstein said in a research report on Thursday that the regulatory action against the Binance USD (BUSD) stable currency and its issuer Pa…
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Transfer of Value from BUSD to USDT Sends Market Fluctuations
According to reports, Zhao Changpeng tweeted that in recent days, the market value of BUSD has dropped from $16.1 billion to $13.7 billion, down $2.45 billion,…
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Paxos Treasury’s BUSD Destruction Sends a Strong Message to Cryptocurrency Market
On February 16, according to Whale Alert data, Paxos Treasury destroyed 96953902 BUSDs (worth 96934512 US dollars).
Paxos Treasury destroyed more than …
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BUSD drops in Market Value with Paxos Treasury’s Destruction
It is reported that with the destruction of BUSD by Paxos Treasury, the market value of the US dollar stable currency has dropped sharply in recent days. Accor…
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Paxos Treasury Destroys over 117 Million BUSDs, Leads to Shrinking Market Value
On February 15, according to Whale Alert data, Paxos Treasury destroyed 117401943 BUSDs at 07:54:47 UTC on February 15. With the continuous destruction, the ma…
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NYDFS Instructs Paxos to Stop Issuing BUSD, Coinbase Shares Concerns about SEC’s Interest
According to reports, Coinbase said in its official tweet that this week the New York State Department of Financial Services (NYDFS) asked Paxos to stop issuin…
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Total Market Value of Cryptocurrency Falls Below $1 Trillion
It is reported that the total market value of cryptocurrency fell below US $1 trillion after Paxos, the issuer of the US dollar stable currency, announced the …
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Coinbase and Circle Receiving NYDFS Approval for BUSD Operations
21:00-7:00 Keyword: Coinbase, BUSD, Circle, NYDFS
Overview of important developments overnight on February 14
Interpretation of the news:
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NY Financial Services Dept. Spokesman Accuses Paxos of Allowing Bad Actors to Use BUSD
According to reports, a spokesman for the New York Financial Services Department (NYDFS) told Reuters on Monday that the management of the Paxos Trust Company\’…
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Paxos’ BUSD Regulatory Woes Drive Liquid’s LQTY Token to New Highs
It is reported that after the New York regulatory authority ordered Paxos to stop issuing BUSD, the price of the original token LQTY of the decentralized stabl…
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BUSD Goes Full Circle with Paxos, SEC and Yingtou Securities
7:00-12:00 Key words: Circle, BUSD, Paxos, SEC, Yingtou Securities
Summary of important developments at noon on February 14
Interpretation of the …
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BUSD Dominates Reserve Certificates on Blockchain
According to the report, according to the data of Dune Analytics, at present, the largest proportion of the reserve certificates on the blockchain of Coin and …
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Tether Dominates Stablecoin Market as Total Value Reaches $138.5 Billion
On February 14, according to the data of The TIE and CoinGecko, the total market value of stable currency is about 138.5 billion US dollars, Tether\’s market sh…
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342 million BUSDs Destroyed: A Consequence of Paxos Treasury
It is reported that according to PeckShield monitoring, about 342 million BUSDs have been destroyed in Paxos Treasury in the past 24 hours, and the market valu…
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Coin Founder’s Tweet about BUSD Market and “FUD is Short”
On February 14, Zhao Changpeng, the founder of Coin, announced the BUSD market on Twitter and said that \”FUD is short\”.
Zhao Changpeng released the BUS…
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New York Orders Paxos to Cease BUSD Issuance
On February 14, the New York State Department of Financial Services (NYDFS) officially explained that: \”The department has ordered Paxos to stop casting the BU…
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Paxos Treasury Destroys BUSDs on Ethereum Chain
It is reported that according to Whale Alert data, Paxos Treasury destroyed 144469760 BUSDs on the Ethereum chain at 21:47 Beijing time today.
Paxos Tr…
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US SEC’s Regulatory Action Causes Instability in BUSD’s Anchor Price
On February 13, it was reported that after the US SEC took regulatory action against the issuer of BUSD, Paxos, the anchor price of BUSD began to be unstable. …
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US Dollar Stable Currency Market Share Shifts to USDT
According to the report, the data shows that the total market value of the US dollar stable currency is US $138.5 billion at present, with USDT accounting for …
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Paxos guarantees support for BUSD until 2024
On February 13, Paxos said that the existing BUSD would be fully supported and redeemed at least until February 2024.
Paxos: The existing BUSD will be …
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Binance Founder CZ Responds to SEC Investigation on Paxos and Coin Support for BUSD
On February 13, CZ, the founder of Binance, responded to the recent incident of \”SEC investigating the stable currency issuer Paxos\” and said that in the fores…
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SEC’s latest moves create uncertainty in the crypto world
According to reports, Frank Chaparo, the News Director of The Block, tweeted that the United States Securities and Exchange Commission (SEC) was engaged in an …
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CZ of Coin Security Defends BUSD against SEC’s Lawsuit
According to reports, in response to the fact that the United States Securities and Exchange Commission marked BUSD as \”unregistered securities\” and sued its i…