* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

As Regulatory Challenges Diminish BUSD, This Stablecoin Ascends in Dominance

January 28, 2024
in Business
As Regulatory Challenges Diminish BUSD, This Stablecoin Ascends in Dominance
Share on FacebookShare on Twitter

USD Coin (USDC) and Binance USD (BUSD) have contrasting fortunes. USDC has experienced a notable upward trend, rebounding from the aftermath of the US banking crisis, while BUSD is grappling with a critical shortage in its supply.

This divergence underscores a shift within the stablecoin market, notably influenced by regulatory challenges encountered over the past year.

USDC Market Cap Soars

USDC has experienced a remarkable surge in market capitalization at the onset of the new year, riding the wave of favorable market conditions. Recent data from BeInCrypto indicates an impressive uptick of over $1.6 billion. This marks a 6.6% increase and brings the total market capitalization to $26.15 billion.

Corroborating this positive trend, crypto analytical platform CCData reported a consecutive second-month surge in USDC’s market capitalization. This follows a series of eleven consecutive monthly declines, with the stablecoin briefly surpassing the $25 billion market cap milestone in January.

Read more: A Guide to the Best Stablecoins in 2024

USDC supplyUSDC Trading Volume and Market Cap. Source: CCData

Several factors contribute to this upward trajectory. Notably, Circle announced its intention to go public in a recent filing with the US Securities and Exchange Commission (SEC). This disclosure has played a role in bolstering USDC’s market standing.

Additionally, USDC has experienced a notable surge in transfer volume, particularly on the Solana blockchain. Data from Artemis reveals that Solana-based USDC is instrumental in driving stablecoins to their highest transfer volume levels in over a year.

Despite these positive developments, USDC’s current supply remains significantly below its all-time high of $45 billion.

BUSD Falls Under $100M

In contrast, the Binance-backed stablecoin, Binance USD (BUSD), has experienced a significant decline in its supply, reaching an unprecedented low of less than $100 million.

The challenges for this stablecoin emerged last year when the SEC issued a Wells Notice to Paxos, the issuer of BUSD, leading to a halt in the creation of additional units of the digital asset. The situation escalated when the federal agency classified the stablecoin as security during its legal action against Binance.

Read more: 7 Best Crypto Platforms To Buy PayPal Stablecoin (PYUSD)

BUSD supplyBUSD Circulating Supply. Source: Glassnode

In response to these regulatory developments, Binance initiated a strategic shift, encouraging its users to transition from BUSD to alternative stablecoins such as FDUSD. Also, it discontinued several services associated with BUSD, leading to the total supply to dwindle from a peak of over $20 billion to less than $100 million within just one year.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BeingCrypto – https://beincrypto.com/stablecoin-usdc-busd-extinction/

Tags: businesschallengesRegulatory
Previous Post

This Company Sold Over $700 Million in Crypto in Just 3 Months

Next Post

Avalanche (AVAX) Surges 10% After Team Unveils Scaling Solution

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

August 25, 2025
What moving averages say about Genenta Science S.p.A. Depositary Receipt – Stop Loss & Technical Pattern Based Signals – Newser

What Moving Averages Reveal About Genenta Science S.p.A.: Key Stop Loss Strategies and Technical Patterns Uncovered

August 25, 2025
Asking Eric: My partner’s unhealthy lifestyle is killing our relationship – MassLive

How My Partner’s Unhealthy Habits Are Driving a Wedge Between Us

August 25, 2025
Ten upcoming sports stadiums where technology takes to the field – Dezeen

10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

August 25, 2025
WEATHER REPORT: Notre Dame Fighting Irish VS Miami Hurricanes – Yahoo Sports

Epic Showdown Ahead: Notre Dame Fighting Irish Clash with Miami Hurricanes

August 25, 2025
Dengue – World Health Organization (WHO)

Dengue – World Health Organization (WHO)

August 25, 2025
5 Years On, China’s Property Crisis Has No End in Sight – The New York Times

Five Years Later, China’s Property Crisis Shows No Signs of Easing

August 25, 2025
‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

August 25, 2025
State regulators approve sharp health insurance rate increases – Insurance Business America

State Regulators Greenlight Steep Health Insurance Rate Hikes

August 25, 2025
Pols & Politics: Audit finds Mass. government fraudulent spending nearly doubled in Q4 – Boston Herald

Pols & Politics: Audit finds Mass. government fraudulent spending nearly doubled in Q4 – Boston Herald

August 25, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (789)
  • Economy (809)
  • Entertainment (21,688)
  • General (16,662)
  • Health (9,849)
  • Lifestyle (822)
  • News (22,149)
  • People (810)
  • Politics (818)
  • Science (16,020)
  • Sports (21,308)
  • Technology (15,790)
  • World (790)

Recent News

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

August 25, 2025
What moving averages say about Genenta Science S.p.A. Depositary Receipt – Stop Loss & Technical Pattern Based Signals – Newser

What Moving Averages Reveal About Genenta Science S.p.A.: Key Stop Loss Strategies and Technical Patterns Uncovered

August 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version