BUSD

According to reports, according to CoinMarketCap data, the total market value of Tether\’s stable currency USDT has reached $81.4 billion. According to Bloomberg, in May last year,

According to reports, according to the latest data from Coinsecko, the market value of the US dollar stable currency BUSD issued by Paxos has fallen below $7 billion, compared to $

On April 8th, Celer Network tweeted that the decentralized exchange SyncSwap had integrated cBridge into its DEX DApp. SyncSwap users can use cBridge within their application to cr

According to reports, according to the latest data from blockchain analysis company Glassnode, the supply of USDT has continued to rise since the FTX crash (reaching over $80 billi

According to reports, according to the latest data from blockchain analysis company Glassnode, the supply of USDT has continued to rise since the FTX crash (reaching over $80 billi

According to reports, data shows that the circulating market value of USDT has exceeded $80 billion for the first time since May 2022, and has risen by $15 billion so far in 2023.

According to reports, according to data released by the encryption analysis company Santiment on social media, as the encryption market recovers in the first quarter of 2023, the c

According to the latest data from Coinsecko, after the destruction of 119.9 million Binance USD (BUSD) in Paxos Treasury, the market value of BUSD has fallen below $8 billion, comp

On March 17th, Binance announced that it had converted the BUSD held in the User Security Asset Fund (SAFU) into TUSD and USDT to ensure long-term protection of users in the event of a continuous decline in the BUSD market. Binance stated that SAFU funds will be closely monitored to ensure their capital adequacy, and when necessary, use Binance’s own funds to regularly replenish funds. Coin An converts the BUSD in the SAFU fund into TUSD and USDT Analysis based on this information:On March 17th, Binance made an announcement regarding its User Security Asset Fund (SAFU). The company disclosed that it had converted the amount of BUSD held in the fund into TUSD and USDT. This decision was taken with the aim to provide long-term protection to the users’ funds in the event of a possible decline in the BUSD market. BUSD is a stablecoin that is pegged to the US dollar, and it is issued by the Paxos Trust…

According to reports, the CEO of Coin Safety said that in view of recent events, they are transferring the zero fee BTC transaction from BUSD to TUSD. CEO of Coin Security: Transferring zero fee BTC transactions from BUSD to TUSD Analysis based on this information:The cryptocurrency market has been abuzz with news of the transfer of zero fee Bitcoin transactions from BUSD to TUSD by Coin Safety. This announcement was made by the company’s CEO, in response to recent events that have occurred in the crypto world. This has caused a stir among crypto enthusiasts as they try to decipher the reason behind this move and what it means for the future of Bitcoin transactions on these platforms. Coin Safety is a leading cryptocurrency exchange, known for providing enhanced security measures for digital asset transactions. Its decision to move zero fees BTC transactions from BUSD to TUSD has caused a lot of confusion among the crypto community. However, Coin Safety…

On March 13, according to WhaleAlert monitoring, the remaining assets of the Binance Industry Recovery Fund, 985 million BUSDs, have all been transferred to the Binance trading platform. More than 985 million BUSDs have been transferred to the Binance trading platform Analysis based on this information:The Binance Industry Recovery Fund has recently transferred its remaining assets, approximately 985 million BUSDs, to the Binance trading platform. The transfer was reported by WhaleAlert monitoring on March 13. This transfer signifies the completion of the fund’s objective to assist projects affected by financial difficulties within the crypto industry. The Binance Industry Recovery Fund was established in July 2018 by Binance, one of the world’s largest cryptocurrency exchange platforms, to support struggling blockchain and cryptocurrency projects. The fund aimed to provide financial aid to projects that had encountered financial issues and could not continue their operations. Since the fund’s foundation, several projects had successfully received funding and were able to sustain their operations. BUSD,…

On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. CZ: US $1 billion “Industry Recovery Fund” will be converted from BUSD to BTC, BNB and ETH Analysis based on this information:Recently, CZ, the founder of Binance, announced in a social media post that the remaining $1 billion of the Industrial Recovery Plan Funds will be converted from BUSD to native cryptocurrencies like BTC, BNB, and ETH. This move was taken given the changes in stable currency and the banking system. Capital flows will be monitored closely to maintain transparency. Binance is a cryptocurrency exchange located in Malta that provides a platform for users to trade various digital currencies. BUSD is a…

On March 13, CoinGecko data showed that the US dollar stable currency BUSD issued by Paxos had a short-term premium, once rising to the peak of US $1.03, and now it has dropped slightly to US $1.01, with a 24-hour increase of 1.5%, and the market value has risen to US $8.44 billion. BUSD’s short-term premium rose to $1.03 Analysis based on this information:The cryptocurrency market has experienced a surge in popularity over the past year, thanks to increasing investor interest and game-changing innovations such as stablecoins. Stablecoins were introduced as a tool to put an end to the extreme volatility of cryptocurrencies, which made them unreliable for everyday use. These digital assets are designed to maintain a stable value equal to a specific asset, such as the US dollar. One of the popular stablecoins in the market today is BUSD – a USD-pegged stablecoin issued by Paxos. According to data from CoinGecko, BUSD has experienced a short-term premium, reaching…

On March 11, according to the latest announcement, Binance announced that it would open BNB/TUSD, BTC/TUSD, ETH/TUSD, TUSD/USDT, USDC/USDT and USDP/USDT spot t…

On March 11, Binance said in a message on social media that due to the current market situation, the massive inflow of USDC assets increased the burden of auto…

On March 11, according to the Binance platform, the USDC automatic conversion BUSD function has been temporarily closed. According to the asset certificate of …

It is reported that members of the Aave Decentralized Autonomous Organization (DAO) supported the cancellation of the loan of Binance\’s BUSD stable currency wi…

It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement on Silvergate Bank on social media, which said that Paxos had…

On March 8, CZ, the founder of Binance, said in the AMA that Binance had not obtained any additional benefits from BUSD, and was currently considering stable c…

According to the report, Whale Alert data showed that Paxos Treasury destroyed 95826598 BUSD.

Paxos Treasury destroyed 95826598 BUSD

Interpretatio…