Bitcoin (BTC) $80,286.99 2.90%
Ethereum (ETH) $2,413.38 4.91%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 95.753335 3.08%
Chainlink (LINK) $11.51 3.67%
Cardano (ADA) $0.20 3.32%
Litecoin (LTC) $55.85 2.33%
Dash (DASH) $48.18 2.67%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.333332 -1.88%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 6.63%

Cryptocurrencies: 30360

Markets: 109411

Market Cap: $2,682,312,555,400

24h Vol: $86,071,715,590

CoinDesk

2023-02-14 18:03:30

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure

The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure.

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