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Tag: Binance’s BUSD

Tether (USDT) Hits $96,000,000,000 in Market Cap Following Record-Breaking Net Profit in Q4 2023 – The Daily Hodl

Stablecoin issuer Tether’s USDT is closing in on a $100 billion market cap after the firm saw record-breaking profits last quarter. According to Tether’s last...

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Bitcoin, Ether slip as long term holders continue to accumulate BTC

Bitcoin and Ether fell during Tuesday afternoon trading in Hong Kong, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization. Long...

Bitcoin up as market digests PayPal stablecoin launch

Bitcoin edged up on Tuesday morning in Asia after U.S. multinational payment giant PayPal launched a U.S. dollar-pegged stablecoin on Monday. Ether was still...

TUSD Lending Rates Spike After Stablecoin Briefly Rallies To $1.20

Opportunistic DeFi traders pushed lending rates for TrueUSD, the centralized stablecoin favored by Binance following a regulatory crackdown on its own BUSD token, well...

Latin America’s Largest Investment Bank Launches Dollar-Pegged Stablecoin

BTG Pactual announced the launch of BTG Dol on April 4. According to the investing firm, it is the world’s first...

Stablecoin Regulation Incoming!

March has been a tumultuous month for crypto and the traditional banking system. This has caused a re-examination of regulatory frameworks for banks and...

Circle’s USDC bounces back after Silicon Valley Bank bust

In this issueUSDC: Level-peggingSilvergate: Closing actChina finance: Reverse decentralizationFrom the Editor’s DeskDear Reader,Predictions that things will get worse before they get better are commonplace...

SVB Collapse Sparks Stablecoin Turmoil as USDC Loses Dollar Peg

USDC, a stablecoin linked to the greenback, misplaced its peg to the U.S. forex amid a surge of investor withdrawals after its founder,...

Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin

Members of Aave’s decentralized autonomous organization (DAO) voted overwhelmingly in favor of a proposal to dramatically increase the cost of borrowing BUSD, while decreasing...

Silvergate Bites The Dust, Down 35% As Crypto-Friendly Bank Ceases Operations

Silvergate Capital Corporation, the holding company for crypto-friendly Silvergate Bank, announced on Wednesday its decision to cease operations and voluntarily liquidate its bank.  Shares of...

Silvergate teeters as regulators circle and crypto firms cut ties

In this issueSilvergate: Pearly gates?Lido DAO: Fake newsChina’s two sessions: Digital driveFrom the Editor’s DeskDear Reader,It’s often said in business that if you can’t...

Coinbase Challenges US Regulators With Launch of New Nationwide Crypto Advocacy Campaign

Top US crypto exchange Coinbase is launching a nationwide campaign to advocate for favorable digital asset regulations. Coinbase tells its 5.6 million Twitter followers that...

As BUSD’s Woes Continue, Could Binance Be Pivoting to TUSD?

Stablecoins have been in the crosshairs of regulators recently, with Binance’s BUSD drawing the ire of the SEC. Following the crackdown, Paxos, the issuer...

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