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    Tag: busd

    Binance Announces Delisting of 25 BUSD Trading Pairs

    Cryptory.net - Binance, a leading cryptocurrency exchange, has announced its plans to remove 25 trading pairs involving Binance USD (BUSD). This decision will affect the Binance Margin service, which provides traders with access to margin trading of various crypto assets.

    Stablecoin Market Cap Continues to Decline for 18th Straight Month

    Cryptory.net - In a recent report by CCData, it was revealed that the market capitalization of stablecoins hit its lowest point since August 2021, dropping to $124 billion in September. Furthermore, the dominance of stablecoins in the overall crypto market cap decreased by 0.2% to 11.6% as of September 18th.

    Binance Lawsuit: 61 Cryptocurrencies Are Now Labeled as Securities By The SEC

    Binance is facing a lawsuit from the United States Securities and Exchange Commission (SEC), which has classified a minimum of 61 cryptocurrencies as securities, impacting tokens worth $100 billion in the market.

    Stablecoin Market Cap Drops Due to Reduced Trading Volume

    Defillama reports that the current market capitalization of stablecoins stands at $129 billion, which is a decrease from the May 2022 figure of over...

    USDC and BUSD Record Mass Redemptions as Stablecoin Economy Shrinks by $7.3 Billion in 2023

    Since the start of this year, the crypto economy has grown by 41.77% and currently has a market capitalization of $1.17 trillion. However, during this period of growth, the stablecoin economy suffered a significant loss of $7.3 billion in just 140 days.

    Mastercard Supports Stablecoin Payments in the Asia-Pacific

    Mastercard has entered a partnership that will allow retail customers in the APAC region to spend their stablecoins anywhere that Mastercard is accepted.

    Binance Stops Zero-Free Bitcoin Trading, Except for Pairs with TUSD

    Binance stops offering BTC trading fees but still applys to BTC/TUSD. This move pushed the TRU price up nearly 20% within an hour.

    Binance CEO Converts $1B BUSD to BTC, ETH and BNB

    Cryptory.net - $1 billion Industry Recovery Initiative fund will be used to support crypto projects that are struggling with liquidity issues due to the FTX collapse.

    Forbes: Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds

    According to Forbes, crypto exchange Binance supposedly moved $1.8B of collateral to other parties in 2022.