Binance Converts $1B Funds into Other Cryptos as Banking Fears Heighten
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
The crypto industry has seen a lot of activity lately, some caused by the industry’s attempt to recover, while others were caused by the regulators.
USDT remains the biggest stablecoin in the market with a market capitalization of $66.38 billion.
As CoinGecko reports, stablecoins market capitalization stood at $20,727,163,727. The success of the stablecoin industry is an indication of the growing crypto market in relation to the fiat currencies.
The Syscoin Foundation today announces the Syscoin’s Ethereum Bridge will be explored and used by Binance’s BUSD as part of a partnership between Binance and Blockchain Foundry.
The market capitalization of Tether (USDT) has grown to $10 billion. This puts the cryptocurrency token at third place behind Bitcoin (BTC) and Ethereum (ETH).
Ripple CTO David Schwartz has debunked all the talks about the company’s plans to replace XRP with Ripple Stablecoin (XRPSC).
Binance, the global cryptocurrency exchange and blockchain ecosystem, today announced the launch date of BUSD, a fully compliant USD-denominated stablecoin, as the week of September 16, 2019; and will add BUSD trading pairs on the same day. The launch date and new listing was jointly announced by Binance CFO Wei Zhou and Richmond Teo, Co-Founder […]
BUSD will be available for direct purchase and redemption 1:1 for U.S. dollars on the Paxos platform and for trading against Bitcoin (BTC), Binance Coin (BNB) and Ripple’s XRP on Binance.com.