Name: Binance USD Stablecoin Outflows Hit Roughly $6B Since February: Report
Uploaded: 2023-03-01T15:14:46.000Z
Duration: 1 min 47 s
Description: Approximately $6 billion of outflows has hit Binance's stablecoin, BUSD, since Feb. 13, according to CoinGecko data compiled by Reuters. "First Mover" hosts weigh in on the latest developments after stablecoin issuer Paxos said last month it will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services.

CD20$2,001.070.17%BTC$73,870.740.44%ETH$2,025.230.16%XRP$1.320.51%SOL$82.740.029%

Binance USD Stablecoin Outflows Hit Roughly $6B Since February: Report | CoinDesk Videos

Loading video...

CD20$2,001.070.17%BTC$73,870.740.44%ETH$2,025.230.16%XRP$1.320.51%SOL$82.740.029%

Binance USD Stablecoin Outflows Hit Roughly $6B Since February: Report | CoinDesk Videos