A mental health needs assessment, the first in six years, recommends BUSD hire more diverse counselors and increase preventative mental health services.

Source: https://www.berkeleyside.org/2023/09/29/busd-mental-health-report-changes

At the time the coin, called BUSD, accounted for roughly 40 per cent of the company’s monthly trading volume.

Source: https://www.ft.com/content/037d32e2-fc6e-48a2-bf05-9096fb740f85

BinanceUSD, or BUSD, is a stablecoin operated by New York-based Paxos Trust Co. under Binance’s branding, leading the SEC to include the token in its lawsuit.

Source: https://www.insurancejournal.com/news/national/2023/06/13/725069.htm

Cryptocurrency exchange Binance said it will "gradually" end support for its BUSD stablecoin, removing it from spot and margin trading pairs.

Source: https://biztoc.com/x/12e017497aebb2a5?ref=ff

"'IF' BUSD is ruled as a security by the courts, it will have profound impacts on how the crypto industry will develop (or not develop) in the jurisdictions where it is ruled as such," Zhao wrote on Twitter.

Source: https://www.gadgets360.com/cryptocurrency/news/binance-usd-stablecoin-backer-patos-ordered-to-stop-issuing-token-ceo-3779448

Indeed, earlier this year, another independent agency in the United States – the Commodities Futures Trading Commission – filed a court action identifying the BUSD as a non-security commodity.

Source: https://www.emirates247.com/business/corporate/binance-statement-in-response-to-sec-complaint-2023-06-06-1.712677

In February, the agency ordered the stablecoin issuer Paxos to stop minting its Binance-branded BUSD, and in March it alleging it is operating without the above-mentioned Bitlicense in the state.

Source: https://247wallst.com/investing/2023/04/18/nydfs-adopts-new-supervisory-fees-rule-for-crypto-companies-with-bitlicense/

Investors’ lack of trust is best seen in the performances of Binance Coin (BNB) and Binance USD (BUSD), the two tokens bearing the exchange’s name.

Source: https://www.forbes.com/sites/javierpaz/2023/01/09/binance-is-bleeding-assets-12-billion-gone-in-less-than-60-days/

On the other hand, Binance-backed BUSD has seen its supply shrink by roughly $2 billion in the last 30 days.

Source: https://biztoc.com/x/da1fd3b19598dc0e?ref=ff

Paxos is the "official" creator of BUSD, which is a token backed by dollars and issued on the Ethereum () blockchain.

Source: https://seekingalpha.com/article/4578199-sec-delivers-blow-to-binance-great-for-coinbase?source=feed_all_articles

Volatility was high ahead of Tuesday’s U.S. consumer price index release, and with the depegging of BUSD.

Source: https://biztoc.com/x/1411921d2989afb6?ref=ff