Breaking: Poloniex Suspends Support For Stablecoins On BSC Network

coingape.com

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.

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Timeline of Binance-usd, Trueusd, Usd-coin, Tether


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?


FTX-Tether Connection: Involvement Of Banks Raises Questions - Coingape

Beleaguered crypto exchange FTX's connection with Tether remains in question as the banks used by both companies are run by the same person. FTX's Alameda Research invested $11.5 million in Farmington State Bank's parent FBH, run by Jean Chalopin.


OKX football fans can mint free FIFA NFTs and earn USDT during the World Cup - Invezz

After unveiling a football cup that will run concurrent with the ongoing FIFA World Cup, the crypto exchange platform OKX has gone a step further to assist the OKX Football Cup players to mint free OKX Football Cup NFTs.  While players are required to stake 0.

Binance-usdBUSD$0.999700
TrueusdTUSD$0.999900
Usd-coinUSDC$0.999900

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.


Candy Club Offers 100,000 Candy-USDT Reward for World Cup Celebration - CryptoNewsFlash

Hong Kong, Hong Kong, 21st November, 2022, Chainwire With over 100,000 candy-USDT in prizes, Candy Club World Cup extravaganza will turn up the heat with crypto winter and give crypto fans a much needed cause for celebration over the next 28 days.


Stablecoin Issuer Tether Explains How FTX and Alameda Collapse Has No Effect on USDT - The Daily Hodl

Tether, the largest stablecoin issuer in the world, has released a statement assuring investors that USDT is in no way affected by the meltdown of crypto exchange FTX and its trading arm Alameda Research.


Will Tether's [USDT] assurance be enough to calm the FUD - AMBCrypto

Tether released a statement to address the FUD surrounding USDT Weighted sentiment saw an uptick, transaction count fell Owing to the uncertainty being fueled by FTX's collapse, many members of the crypto-community have suspected that USDT could also be exposed to its negative impact.


Circle CFO says USDC is operating ‘as expected' - Invezz

Circle's Chief Financial Officer Jeremy Fox-Geen has released an update on the operations of the company's stablecoin USD Coin (USDC). Fox-Geen's statement is a response to the market turmoil following the collapse of crypto exchange FTX.


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.


Tether Says It Had No Exposure to Genesis Global and Gemini Earn, Crypto Experts Are Doubtful - Cryptonews

Tether, the issuer of the major stablecoin USDT, denied having exposure to either Genesis Global Capital or Gemini Earn. Some, however, wonder how it is possible for such a large company not to be affected by any of the massive events that shook the crypto space this year.