Binance USD (BUSD) is a stablecoin that is referencing (pegged to) the U.S. dollar. BUSD is classified as a centralized stablecoin, backed 1:1 by liquid real-world assets (RWA) assets.
Binance USD (BUSD)
Binance USD (BUSD) is a stablecoin that is referencing (pegged to) the U.S. dollar. BUSD is classified as a centralized stablecoin, backed 1:1 by liquid real-world assets (RWA) assets.
130 million TrueUSD were released for Binance within one week, BUSD was removed from the Coinbase listing, and what does the head of Binance think about it. Learn more about recent events.
130 million TrueUSD were released for Binance within one week, BUSD was removed from the Coinbase listing, and what does the head of Binance think about it. Learn more about recent events.
The FUD around Binance instantly affected BUSD. After withdrawing several billion dollars from the exchange and stopping the withdrawal of USDC, the exchange's own stablecoin loses market capitalization.
Circle, which owns one of the most popular stablecoins – USDC, has made changes to its financial forecasts due to the automatic conversion of USDC into BUSD stablecoin and the risks after the collapse of FTX, outlining them in a new document for the Securities and Exchange Commission.
This year was an eventful year in the world of crypto. In particular, the collapsed Terra and FTX crisis affected the entire crypto market, and again attracted the attention of regulators to crypto and stablecoins. Stablecoins are valued for their technological features, while, at the same time, maintaining a stable
Against the background of the automatic conversion of a number of stablecoins to BUSD, the market share among all stablecoins of the BUSD token increased from 10.01% to 15.48%. FTX CEO announced in an interview about the possible launch of the company's own stablecoin.
