Binance baut BUSD weiter ab, indem es die Kreditaufnahme und die Unterstützung für Stablecoins einstellt

Die globale Krypto-Börse Binance gab am 3. Oktober bekannt, dass sie die Unterstützung für Binance USD (BUSD)-Kredit- und Stake-Positionen bis zum 25. Oktober 2023 einstellen wird. Diese Schließung scheint Teil eines umfassenderen Plans zu sein, den problematischen Stablecoin aus regulatorischen Gründen auslaufen zu lassen Die Prüfung wird intensiver.

Timeline of Binance-usd

CCData, a renowned FCA-authorized benchmark administrator and global leader in digital asset data, has unveiled the September 2023 edition of its “Stablecoins & CBDCs Report”. The CCData Stablecoins Report is designed to highlight significant trends and activities in the stablecoins industry.

The circulating supply of Binance USD (BUSD) has fallen to $2.8 billion, marking its lowest point since early 2021, when the stablecoin was still relatively new to the crypto market, according to CryptoSlate's data. The Binance-backed stablecoin has seen its market share rapidly decline this year after it was labeled securities by the U.S.

The exchange's recent announcement about discontinuing support for Binance US Dollar (BUSD) goods has prepared the way for creating a new stablecoin, First Digital USD (FDUSD), in a significant move

The world's largest exchange, Binance, has announced plans to delist eight Binance USD (BUSD) trading pairs as the company looks to withdraw full support of the stablecoin by 2024. This follows increased regulatory pressure on the stablecoin in 2023, which has led to a drastic decline in its market share so far.

For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects.

Binance will stop trading for specific pairs like REN/BUSD on August 18, suggesting liquidity issues. Trading bot support for delisted pairs concludes on August 18, urging users to act to avoid losses.

The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD's supply has dropped below the 4 billion mark as the token's number of coins in circulation has fallen 16.7% over the last month.

The fate of Binance USD (BUSD), the stablecoin introduced by Binance, hangs in the balance as its market capitalization has experienced a significant decline of over 80% in 2023. From November 2022 to June of the current year, BUSD's market capitalization has plummeted from USD23 billion to USD4 billion.

Drawing from recent data, Binances dollar-tied stablecoin, Binance USD (BUSD), is grappling with a precipitous fall in market value. Positioned fourth among other stablecoins in terms of market capitalization, it has experienced a billion-dollar decrease in just one month.

A rival of Binance USD (BUSD) has flipped the dollar-pegged asset to become the third-largest stablecoin in the world. New data reveals that Dai (DAI), the stablecoin issued by MakerDAO, has surpassed BUSD as Binance, the world's largest crypto exchange platform by volume, struggles with mounting legal issues and regulatory setbacks.