Not clear what is BUSD’s future Will Binance abandon the token? Will they keep offering the flexible 6% yield? ➔ Visit Binance now and start trading Posted in Binance Reddit
Busd is full collateralize with dollar 1:1
Even if they stop minting his value still gonna be pegged with dollar if this is true and not a lie.I think this is a shit campaign against binance,other exchanges and crypto market himself.Sec is saying busd is a not registered security because you can do profits with staking headging and other little things.They are fucking trying to ban the staking because banks do the same with Fiat currencies but more badly with an ridiculus interest rate like 0,02%.Theyr probably scared about people stop using old classic money system because there is no point to say a currency is a security especially a freaking stablecoin.No people buy busd to trade it and make it a profit.Staking is the same thing but better to give your money at your bank and get an interest for lend them your liquidity.
So the SEC goes after BUSD but leaves USDT alone?
Probably the brightest out of all stablecoins out there
You have no issue with your BUSD, binance will continue to support it. Paxos just isn’t issuing new ones so the supply will get less over time. They’ll either shift to a new provider or move to a different stable coin eventually and exchange your BUSD 1:1
if it depegs I owe less
It’s really too dangerous if BUSD is permanently stopped, people will come to a standstill
This is VERY bad news for binance overall.
Dont forget they hard pushed stablevoin pairing out (tusd, pax, usds, usdc) out the window and now tether rule them all.
Saw a Tweet of Cz where tried to disassociate himself from BUSD, A coin that is literally Named Binance USD
They are printing their own money, why would they ever stop lmao ?
convert ….. to btc …. 🙂
They will keep it as Binance peg usd coin.
Basically TRUST me bro. It is TRUST me bro now too, vut at least busd issued on Ethereum network by Paxos which is regulated company.
it’s 1-1000 = 6% APY
> 1000 = 3%
don’t have access to Binance’s future plans for BUSD, but based on their current position, it seems unlikely that they will abandon the token anytime soon. Binance has been actively promoting BUSD as a stablecoin and has recently added it to its DeFi staking program, which allows users to earn a flexible yield on their BUSD holdings. However, it’s always important to keep in mind that cryptocurrencies and their associated services are subject to market forces and regulatory changes that can impact their future. Therefore, it’s important to stay informed of any updates from Binance regarding BUSD or any other token you may be interested in.