Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.
Binance USD News
- Markets News5739
- News
The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most.
8909 - Opinion
New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao.
4292 - News
The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” that seemingly showed data in which the stablecoin was not fully backed.
5491 - News
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
13393 - News
A few months prior, wrong-network retrieval fees costed around 0.001 BTC on Binance.
6631 - News
TrueFi does not expect Blockwater Technologies' default to affect its stablecoin lending pools or capital market portfolios.
1816 - News
UST market cap has surged to flip BUSD. However, its trading volumes are still only around one-fifth worth of the Binance digital dollar.
6517