busd

CDCROP: Binance logo 3D printed in gold (Rob Mitchell/CoinDesk)
Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement
BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.
CDCROP: Binance logo 3D printed in gold (Rob Mitchell/CoinDesk)

(Antonio Masiello/Getty Images, modified by CoinDesk)
How Big a Deal Was Binance’s Previous $1B BUSD Collateral Gap?
The company admitted to some process challenges in the past, but says things are fixed now.
(Antonio Masiello/Getty Images, modified by CoinDesk)

CDCROP: Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. (Antonio Masiello/Getty Images)
A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg
The company acknowledged to Bloomberg that the process of maintaining the peg "has not always been flawless," but said the problem has now been fixed.
CDCROP: Founder and CEO of Binance Changpeng Zhao, commonly known as "CZ", attends the "CZ meets Italy" at Palazzo Brancaccio on May 10, 2022 in Rome, Italy. (Antonio Masiello/Getty Images)

CDCROP: CZ aka Changpeng Zhao CEO of Binance at Consensus Singapore 2018 (CoinDesk)
Binance Releases Wallet Addresses of $69B Crypto Reserve
The exchange said it will share its proof-of-funds in the coming weeks.
CDCROP: CZ aka Changpeng Zhao CEO of Binance at Consensus Singapore 2018 (CoinDesk)

USDC's market cap (CoinGecko, CoinDesk)
Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse
USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
USDC's market cap (CoinGecko, CoinDesk)

CDCROP: Binance CEO Changpeng "CZ" Zhao (CoinDesk)
Binance Ditched a Bunch of Stablecoins. Even a Newly Banished Issuer Was OK With It
Surprisingly, Circle’s CEO expects USDC to benefit from getting booted from Binance, while market insiders predict a better trading experience.
CDCROP: Binance CEO Changpeng "CZ" Zhao (CoinDesk)

Jeremy Allaire Circle
Who Benefits From Binance Converting USDC to Its Own Stablecoin?
The world’s largest crypto exchange is “consolidating” liquidity around its own stablecoin, BUSD – in a move that could benefit Circle and harm Tether.
Jeremy Allaire Circle

binance
Binance, Issuer of Third-Biggest Stablecoin, to Stop Supporting Larger Rival USDC
The action effectively removes the world's second-biggest stablecoin, USD coin, as a tradable asset on Binance's giant platform.
binance

alicia-razuri-mmHzeIV52ZI-unsplash
What We Know – and Don’t Know – About Stablecoins’ Dollar Backing
(Updated Oct. 31, 2021) As information disclosed by issuers varies, it’s not easy for investors to make apple-to-apple comparisons.
alicia-razuri-mmHzeIV52ZI-unsplash

Paxos
Paxos Reveals Assets Backing Stablecoins PAX, BUSD
Paxos's reserves consisted of only cash and U.S. Treasury bills.
Paxos