Binance USD Stablecoin vede una riduzione di $ 2 miliardi in un mese a causa della cattiva gestione dei token

L'offerta circolante di BUSD è scesa a $ 15,4 miliardi mercoledì, riducendo $ 1 miliardo nell'ultima settimana e $ 2 miliardi in un mese, secondo il tracker dei prezzi di criptovaluta CoinGecko.

Timeline of Binance-usd

Binance's stablecoin was reportedly undercollateralized at times during 2020 and 2021. Bloomberg reported Tuesday (Jan. 10) that the Binance-Peg BUSD reserves were at three separate times missing collateral of as much as $1 billion.

The biggest cryptocurrency exchange in the world, Binance, made a significant effort last year to elevate its own stablecoin, BUSD, above that of competitors. However, 2022 wasn't the best year for stablecoins. The trust that consumers had placed in stablecoins began to erode after Terra UST's collapse in May.

The current crypto market rebound comes as a welcome trend for traders after a tough time for most part of 2022. However, macroeconomic scenario does not really reflect a bullish sentiment in the traditional markets as yet.

In an interesting development, data obtained from crypto market tracker CoinMarketCap, shows that the XRP token from Ripple has surpassed the giant Binance's BUSD stablecoin; to clinch the sixth spot in terms of market capitalization among the 22,000 odd cryptocurrencies. Ripple's XRP Vs.

Around $6 billion worth of Binance USD (BUSD) was withdrawn from exchanges in the past 30 days, according to CryptoSlate's analysis of Glassnode data. The post BUSD balance on exchanges down $6B over 30 days appeared first on CryptoSlate.

While billions of dollars in crypto assets have been withdrawn from Binance, the world's largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD's supply was drained since last month, statistics show that 14.

Stablecoin Binance-Peg BUSD is a Binance product but is not issued by Paxos nor regulated by the New York State Department of Financial Services. Only ERC20 BUSD is regulated in New York.

Justin Sun — the creator of Tron (TRX) and one of Ethereum's (ETH) co-founders — moved $150 million in Binance USD (BUSD) from Ethereum to Tron. On-chain data provided by Arkham Intelligence show that on Dec.

Binance USD's (BUSD) supply declined by over 15% to $18.8 billion from $22 billion within the last 24 hours after Binance experienced a surge in withdrawals. The post BUSD's supply falls below $20B as USDC's supply climbs above $45B appeared first on CryptoSlate.

Binance CEO Changpeng “CZ” Zhao on Friday said the crypto exchange Binance has allocated another $1 billion in BUSD to the Industry Recovery Initiative (IRI). The move comes after several people in the crypto community shared on Twitter that Binance's $1 billion in BUSD commitment to its crypto industry recovery fund or IRI is insufficient The post Breaking: Binance CEO “CZ” Adds Another $1B In BUSD To Industry Recovery Initiative appeared first on CoinGape.