Breaking: Binance CEO “CZ” Adds Another $1B In BUSD To Industry Recovery Initiative

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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.

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Breaking: Poloniex Suspends Support For Stablecoins On BSC Network - Coingape

As a major development, the Poloniex crypto exchange has announced that from November 24, it will stop deposits and withdrawals functions for stablecoins on the BEP20 (BSC) network. These include USDT, USDC, TUSD and Binance's own BUSD.


Crypto Trader Explains How BUSD Can Be Redeemed For USD If Binance Collapses - Benzinga

A crypto trader on Reddit explains how investors can redeem Binance's stablecoin BUSD (CRYPTO: BUSD) in the unlikely event of the exchange collapsing. What Happened: Pseudonymous trader ‘Chymista Scepticus' asked if “you have BUSD either on CEX (centralized exchanges) or self custody” and if “for whatever reason binance dies”, what happens to your BUSD?


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

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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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


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.


Crypto Payments On Twitter, Will These Coins Enter The List? - CoinPedia

You probably are aware that Elon Musk completed the $44 billion Twitter deal just a few days ago. Now, the speculations about crypto payments being implemented for Twitter is increasing by the hour. This is largely because Musk, the self-proclaimed leader of Dogecoin, shall reportedly be introducing Dogecoin payments for Twitter blue services.


A USDC, BUSD rival? FTX is set to launch a stablecoin soon - Cryptopolitan

FTX boss Sam Bankman Fried has shared the company's vision of developing a stablecoin. The FTX CEO was on an interview with The Big Whale, where he gave an insight into the company's vision for designing the asset.


Binance stablecoin push eats into tether's market share as BUSD volume surges - The Block

Trading against the BUSD stablecoin on crypto exchange Binance has risen to a third of the exchange's volumes. The post Binance stablecoin push eats into tether's market share as BUSD volume surges appeared first on The Block.