Binance and Paxos's BUSD: High Quality Reserves, Audits, and Regulation

news.bitcoin.com

What is BUSD? Recently, there have been many questions about the safety and soundness of products in the crypto space. There have been many questions about stablecoins in general, so this piece is intended as an explanation of BUSD.

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Timeline of Binance-usd, Paxos-standard


USDC, USDT, BUSD supply outside of exchange spikes, but is this a good sign? - AMBCrypto

The outflow of stablecoins from exchanges has been on the rise in the wake of the FTX saga. Users appear to be taking custody of their assets, which might have a negative effect on exchanges if it persists.


Which Stablecoin Runs on the Most Chains? - Bitcoin Market Journal

Stablecoin interoperability is a necessity for blockchain projects to thrive. We delve deeper into the importance of multi-chain stablecoins in this article. The post Which Stablecoin Runs on the Most Chains? appeared first on Bitcoin Market Journal.


Buysellvouchers Gift Card Marketplace Adds Binance USD as a Payment Method - BeInCrypto

One of the Leading gift card marketplaces, BuySellVouchers, announces the addition of Binance USD (BUSD) as a new method of payment for users of the online platform BuySellVouchers has grown to become one of the largest gift card marketplaces in the world, with thousands of buyers and sellers trading gift cards, vouchers, and other digital

Binance-usdBUSD$0.999800

Paxos freezes FTX funds following a US watchdogs directive - Crypto news

Over the weekend, Paxos announced the freezing of PAXG tokens in the FTX crypto exchange following a government directive. Several other networks also froze FTX and its leaders' accounts in the past few days.


US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins - Bitcoin

According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S.


Paxos freezes assets tied to FTX after law enforcement directive - The Block

Paxos said it is working with law enforcement and has frozen assets in the wake of FTX's collapse. The post Paxos freezes assets tied to FTX after law enforcement directive appeared first on The Block.


BUSD supply dominance grows as USDT's supply drops 4% - CryptoSlate

Binance USD (BUSD) is the best-performing stablecoin among the top three stablecoins, as its supply dominance increased by 6% on the year-to-date metrics to 16%. The post BUSD supply dominance grows as USDT's supply drops 4% appeared first on CryptoSlate.


Paxos And USDC Issuer Circle Receive Regulatory Approval From Singapore - Bitcoinist

In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the firms.


Circle, Paxos secure regulatory approval from Singapore financial watchdog - CryptoSlate

On November 2, the Monetary Authority of Singapore (MAS) approved Paxos' license and granted in-principle approval to Circle. The post Circle, Paxos secure regulatory approval from Singapore financial watchdog appeared first on CryptoSlate.


Paxos granted Singapore license, plans to hire at least 130: Bloomberg - The Block

Paxos has plans to hire at least 130 people for its Singapore office after receiving a license to offer digital payment token services. The post Paxos granted Singapore license, plans to hire at least 130: Bloomberg appeared first on The Block.