🇺🇸 New York Regulator launches investigation into #BUSD & #USDP stablecoin issuer Paxos, CoinDesk reports.

JUST IN : 🇺🇸 SEC to sue #BUSD stablecoin issuer Paxos.

Crypto Firm #Paxos To Stop Issuing $BUSD.

#BNB started tanking due to the FUD ❗️

Would avoid #BUSD until the SEC case with PaxosGlobal is cleared.

Stay safe and wait for clarity before resuming its usage.

Deposit transactions to Exchanges of #BUSD is the highest since December 2022

FUD related to Paxos and the #BUSD emission is causing entities to move #BUSD to Exchanges and swap for other Stablecoins.

#Stablecoins are still a small fraction relative to cash in circulation, especially in Europe. The end of #BUSD could be an opportunity for EUR-pegged stablecoins which have had trouble taking off

#Binance is moving its zero-fee #Bitcoin (#BTC) trading from Binance USD (#BUSD) to TrueUSD (TUSD) on March 22.

Top #Stablecoin Market Cap Over Last 4 Months

#USDT : +$14B
#USDC : -$10B
#BUSD : -$14.6B

#BUSD market share on Binance has fallen below 10% for the first time since July 2021, while #TUSD hit an #ATH of 24%.

⛔️ Binance will remove some #BUSD spot trading pairs

According to an official announcement on Nov 22nd, #Binance will remove the following spot trading pairs :

APT/BUSD, AXS/BUSD, BAKE/BUSD, CFX/BUSD, CHZ/BUSD, ETC/BUSD, FIL/BUSD, GAS/BUSD, TRB/BUSD, USTC/BUSD.