More than 50% of the airdropped BLUR tokens were claimed on the very first day of launch showing a strong community response.
Binance CEO Changpeng Zhao has stated that BUSD’s regulatory issues might trigger an exodus to non-dollar stablecoins like the euro and yen.
The $700 million redemption of the BUSD stablecoin in just 27 hours represents 6% of the total coins in circulation.
In its complaint, Circle said that Binance-peg BUSD was not fully backed as nearly $1 billion was missing from its reserves.
Another report suggests that the US SEC is planning to sue Paxos for the sale of BUSD stablecoins as unregistered securities.
The launch of the FIT programme is in line with the UAE’s vision for 2031 to digitize the economy with the full integration of CBDC set for 2026.
The CEO of Binance Changpeng Zhao has broken his silence on the Paxos-SEC BUSD development in a Twitter thread.
As of now, the NGO has been able to gather $4.3 million in crypto donations with stablecoins being the most preferred token choice.
Stablecoin issuer Paxos recently received a lawsuit notice from the SEC regarding indiscretions linked to the BUSD stablecoin.
The Ethereum-based ERC-20 token representing BlackRock ETF can swap against the shares of top tech companies like Apple, Alphabet, Microsoft, Amazon, and 496 others.
Brazil wants to see the degree of security and privacy that its CBDC can bring to the system.
Binance said that it’s closely watching the developments of a probable investigation of Paxos Trust Co.
USDT and its issuer remain a controversial pair in the crypto market.
Data from an official digital rupee application by the ICICI Bank shows that the pilot program is full and is not taking any more users.
The Chiliz token (CHZ) is expected to be the “fuel” for the newly-released blockchain.