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Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 DaysSix days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]

USDC overtakes USDT: Compliance is key to stablecoin dominance

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

BUSD Redemptions Soar Near 0 Million in 8 Hours After NYDFS Consumer AlertBefore Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD […]

USDC overtakes USDT: Compliance is key to stablecoin dominance

Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November

Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in NovemberCryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. Ethereum-Based Investment Product Trade Volumes Increase Every month Cryptocompare publishes […]

USDC overtakes USDT: Compliance is key to stablecoin dominance