Coinbase, has announced that it will suspend trading of Binance USD (BUSD) on March 13, 2023. The suspension will apply to Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.

Stablecoins Statistics: Everything you need to know from types of stablecoins, total market cap to transaction volumes, regulations and emerging models.

Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including BTC, BNB and ETH.

All BUSD remains fully-backed 1:1 with USD cash & cash equivalents held in custody with the company’s NYDFS Trust, and Paxos will continue to support BUSD in circulation for at least one year.

Paxos will continue to support BUSD in circulation for at least one year.

This swap is to ensure that assets in SAFU continue to protect users in the long term as the BUSD market capitalization continues to decrease over time.

With Binance firmly in the cross-hairs of US regulators this week, we investigate how the market has responded by deep diving into net coin flows through the exchange. We also assess the supply dynamics of Bitcoin, to gauge the shaking of holder confidence.

Dear Investors, It has been a tumultuous week as both Binance and Coinbase faced legal actions from the SEC and the CFTC, while the possibility of further action from the DOJ remains imminent. “King Gensler.” Source: Crypto A.M. Before we dive, let’s do a quick review of what these agencies actually do.

BNB Chain is a public, open-source blockchain that aims to deliver scalable smart contract support for decentralized applications. It seeks to accomplish this with a modular design and scaling solutions. BNB Chain consists of a multichain framework — the BNB Smart Chain, Beacon Chain, BNB Sidechain, BNB ZkRollup, and most recently, Optimistic Rollup and BNB Greenfield.