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Binance's BUSD Stablecoin Sees $500M Outflows After CFTC Lawsuit

Summary by Coin Desk

Some analysts say the exchange's recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD.

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Binance's BUSD Stablecoin Sees $500M Outflows After CFTC Lawsuit

Some analysts say the exchange's recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD.

2 years ago·Manila, Philippines

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CryptoQuant: BUSD saw $500M+ in outflows in the 24 hours since CFTC filed a lawsuit against Binance vs. $2B in outflows after SEC's Paxos crackdown in February

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2 years ago·California, United States

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Coin Desk broke the news in Manila, Philippines 2 years ago on Tuesday, March 28, 2023.

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