Binance Busd Stumbles Under Regulatory Pressure 500 Million Outflows
Binance
Binance's net outflow exceeded US$500 million in
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
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Outflows of BUSD
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
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's BUSD Stablecoin Suffers $500M Outflows After CFTC
Binance BUSD Stumbles Under Regulatory Pressure: $500 Million
Binance’s BUSD Bleeds As Outflows Hit Over $500 Million
Binance has recently been all
Binance BUSD Stumbles Under Regulatory Pressure:
Binance has recently been all over the headlines following the decision made by the U.S. Commodity Futures Trading