Binance Ceases Support for BUSD Stablecoin: What You Need to Know

Binance Ceases Support for BUSD Stablecoin: What You Need to Know

Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will end support for its Binance USD (BUSD) stablecoin on December 15, 2023. This move comes after regulatory pressures faced by Paxos, the issuer of BUSD, which was ordered to stop minting the coin by the New York Department of Financial Services (NYDFS)…