Binance CEO Changpeng Zhao appears to have made good on his word to diversify Binance’s stablecoin holdings after recent regulatory crackdowns on BUSD — minting $50 million in TUSD.
over the short term — in expectation that BUSD “winds down over time” — he added that they’re now looking to explore more into Euro and Japanese Yen-based stablecoins.
Interestingly, the Binance CEO added that he was never too bullish on the success of the Binance-branded BUSD stablecoin anyway:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stablecoin Issuer Paxos Burns $700M Binance USD Amid Regulatory PressurePaxos, the issuer of the $16 billion Binance USD (BUSD) stablecoin, has burned more than $700 million of BUSD tokens since Monday. That was when Paxos announced it would stop issuing the cryptocurrency amid mounting regulatory pressure, blockchain data shows. Jesse Austin Campbell, Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor, discusses his outlook for the stablecoin market and crypto regulation.
Lire la suite »
State of Crypto: Interpreting the Paxos-Binance Tea LeavesIs the SEC's pending action against Paxos the opening salvo against stablecoins? Or is this more about Binance and a U.S. company’s relationship with the exchange? nikhileshde writes in this week's State of Crypto newsletter
Lire la suite »
BUSD Stablecoin Inches Toward $1 Peg After Binance CEO CommentsBinance USD ($BUSD) stablecoins are gradually inching back to their intended $1 peg after Changpeng Zhao, CEO of crypto exchange Binance, clarified the exchange’s connection with the popular tokens on Tuesday. By shauryamalwa
Lire la suite »
Binance's CZ distances links to BUSD: 'That's not something we created'Binance boss CZ distances his exchange from the dollar-pegged token under fire from the SEC: 'That's not something we created'
Lire la suite »