Binance USD (BUSD) is a stablecoin pegged to the value of the United States dollar (USD), initially launched in 2019 as a collaborative effort between Binance and Paxos. Although Paxos no longer mints new BUSD and has ended its relationship with Binance, existing BUSD can still be redeemed for USD or converted to USDP. As a stablecoin, BUSD was designed to provide a secure and stable way to store and transfer value on the blockchain, with its value pegged to the US dollar on a 1:1 basis. While its future support is uncertain, BUSD remains a widely recognized stablecoin with a history of being used for various purposes, including digital payments and decentralized finance (DeFi) applications.
Hayden Adams says Uniswap's annualized UNI burn rate has topped $250 million, up from $200 million days earlier as UNI trades near $7.00.
Bitcoin traded near $79,100 as jobless claims, August CPI and the Sept. 15-16 FOMC decision loom, with hike odds at roughly 57%.
The Financial Conduct Authority held talks with trading platforms about easing retail binary options ban keeping Kalshi, Polymarket out of UK.
Jupiter has integrated its Gacha trading card product natively into its mobile app, allowing users to claim physical and graded cards in-app.
Discover how the Chelsea USDC sponsorship has sparked fears of legal issues for Hong Kong fans regarding stablecoin regulations.
