Stablecoin.
Crypto

Binance’s BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit

Binance USD (BUSD), a stablecoin pegged to the U.S. dollar, endured over $500 million in outflows in the roughly 24 hours since a U.S. lawsuit was filed against Binance and CEO Changpeng Zhao, data from CryptoQuant shows. This rush to the exits is quite a bit smaller than that seen following the February crackdown on

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Crypto

U.S. Banking Crisis Could Present an Opportunity for Some Crypto Exchanges

A number of fintech payment companies and offshore banks are trying to fill the void left by the collapse of Silvergate Bank, Silicon Valley Bank and Signature Bank in the U.S., but it will likely take time before new banking networks are established, JPMorgan (JPM) explained in his weekly report. “In the meantime, crypto market

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Crypto

Telegram Users Can Now Transfer USDT Through Chats

Telegram users can now send each other tether (USDT), the world’s largest stablecoin by market cap, within chats in the messaging app. However, USDT has been added to Telegram’s @wallet bot, expanding the messaging app’s facility for buying and selling crypto, according to an emailed announcement shared with CoinDesk on Wednesday. Integrating crypto payments into

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