Binance pivots to stablecoins after SEC regulatory action
Binance, the world's largest cryptocurrency exchange by trading volume, has turned to alternative stablecoins following regulatory action by the US Securities and Exchange Commission (SEC) against its native stablecoin, Binance…
Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD
Indian cryptocurrency trading platform WazirX has announced it will be delisting USD Coin (USDC), USDP, and TUSD in a move that is similar to its so-called parent company, Binance Exchange.…
Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
Bank of America (BAC) has talked about the recent decision by the Binance exchange to convert all existing user balances and future deposits of three stablecoins USD coin (USDC), trueUSD…
Binance to Convert Users’ USDC Into Its Own Stablecoin
Binance cryptocurrency exchange announced on Monday that it has introduced “BUSD Auto-Conversion”. The latest program will, therefore, allow customers to convert any existing user balances and new deposits of four…
Stablecoins Swelled By $13B In 30 Days, Captured 67% Of Today’s Crypto Trade Volume
Over the last few weeks, cryptocurrency markets have fallen in value as most of these assets reached all-time price highs three months ago. Despite the price drops, 2021 has still…
Daily Cryptocurrency Exchange Trade Volume Taps All-Time High, Stablecoin Swaps Dominate
According to this week’s data, cryptocurrency trade volume touched an all-time high on May 20, reaching $1.76 trillion in reported 24-hour volume. Daily trade volume statistics for Monday have been…