Hot News: Binance to Discontinue BUSD Support by 2024 – Find Out More!
Binance’s Announcement on Discontinuation of Support for BUSD In an official announcement from Binance, one of the world’s leading cryptocurrency exchanges, it was stated that they would cease to support its stablecoin, BUSD, in 2024. Users were given a timeline and told that the services will gradually be phased out until Paxos completes the acquisition […]
“Stablecoin Surprise: BUSD Supply Plummets to Lowest Since April ’21 as 10 Billion Redeemed!”
After a redemption of nearly 10 billion stablecoins, Binance USD’s (BUSD) supply dropped to its lowest level since April 2021, reflecting a change in the general attitude in the cryptocurrency market. As the market moves from extremely bullish to cautious, some commentators are viewing stablecoin redemption as a sign of mounting uncertainty. Stablecoins like BUSD […]