Binance stellt die BUSD-Unterstützung ein und wechselt zu FDUSD: Auswirkungen und Implikationen

Laut einer am 29. November veröffentlichten Mitteilung forderte Binance seine Benutzer auf, ihre bestehenden BUSD-Bestände vor dem Stichtag 15. Dezember entweder abzuheben oder in alternative Vermögenswerte umzuwandeln. Nach dem 31. Dezember wird Binance die Auszahlungsoption für BUSD deaktivieren und bestehende Guthaben automatisch umwandeln in First Digital USD (FDUSD) für bestimmte Benutzer umwandeln.

Timeline of Binance-usd, First-digital-usd

Binance, one of the world's largest cryptocurrency exchanges, has made a significant move by announcing the cessation of support for the Binance USD (BUSD) stablecoin. This decision, effective from December 15, 2023, follows the regulatory pressures faced by Paxos, the issuer of BUSD.

Global crypto exchange Binance announced on Oct. 3 that it will end support for Binance USD (BUSD) borrowing and staking positions by Oct. 25, 2023. This closure appears to be part of a wider plan to phase out the troubled stablecoin, as regulatory scrutiny intensifies.

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 First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain.

Binance—the global leader in cryptocurrency trading volume—has expanded its menu of trading pairs. Effective September 7, 2023, at 08:00 UTC, the new pairs will include Dogecoin (DOGE), Solana (SOL), TomoChain (TOMO), Unifi Protocol DAO (UNFI), and, most notably, Ripple's XRP—all with FDUSD, a newly introduced stablecoin.

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.

The total market cap of stablecoins has been on a continuous decline for 17 months, now standing at $124 billion, its lowest level since August 2021, according to CCData. The data aggregator highlighted a broader impact of the decline in stablecoin's monthly trading volume.