Binance continues to get rid of BUSD by converting its own stablecoin into other crypto assets in the Industry Recovery Initiative and the SAFU funds.

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.

Bloomberg journalists reported that PayPal suspended work on its own stablecoin amid the problems of Paxos and BUSD.

As part of cooperating with the New York Department of Financial Services (NYDFS), Paxos Trust should stop issuing Binance USD.

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.