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BUSD reserves crumble amid Binance regulatory saga

Binance’s BUSD Bleeds As Outflows Hit Over $500 Million

Binance's net outflow exceeded US$500 million in

Binance Usd

Binance, the largest cryptocurrency exchange, has been experiencing record outflows over the past few days as regulators move in to clamp down on its stablecoin

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

Outflows of BUSD, a Binance stablecoin pegged to the US dollar have steeply increased following CFTC’s lawsuit alleging “Willful Evasion” of U.S. regulations and the sale of unregistered

Binance BUSD Stumbles Under Regulatory Pressure: $500 Million

Binance BUSD Stumbles Under Regulatory Pressure:

Binance processes $1B withdrawals amid regulatory

Binance Has Recently Been All

Binance has recently been all over the headlines following the decision made by the U.S. Commodity Futures Trading

Binance's BUSD Stablecoin Suffers $500M Outflows After CFTC

After the news of the case became public, the BUSD exchange reserves have reportedly decreased by $500 million since the data from Cryptoquant was collected.

Binance Faces Backlash Over BUSD Operations Amid Scrutiny

Binance Sees Record-High Outflows Amid Regulatory Fiasco