The current circulating supply is 5,149,534,148.552 BUSD. Binance USD is 9.88 below the all time high of 1.11. In just the past hour, the price grew by 0.02. The price increased by 0.00 in the last 24 hours. "The feature of liquid dollar digital currencies should be that they are redeemable on demand, and at par at all times, even during conditions of stress," Disparte added.įor a weekly update on cryptocurrencies and digital assets sign up for Reuters Crypto Wire newsletter here. The price of Binance USD has fallen by 0.04 in the past 7 days. Users can also interact and make transactions to the contract directly on Etherscan. Dante Disparte, Circle's chief strategy officer and head of global policy, said that there will be "challenges" relating to liquidity and redemptions when assets are swapped in the way Binance has done with USDC. Binance USD Address 0x4fabb145d64652a948d72533023f6e7a623c7c53 Etherscan The Contract Address 0x4fabb145d64652a948d72533023f6e7a623c7c53 page allows users to view the source code, transactions, balances, and analytics for the contract address. USDC, issued by U.S.-based firm Circle, is the world's second-biggest stablecoin. We expect the situation will be restored when the banks open." "The banks are not open for another few hours. Zhao said on Tuesday swapping USDC with two other tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York. In the wake of the collapse of rival FTX, investors have been pulling their crypto in recent weeks, and. "User assets at Binance are all backed 1:1 and Binance's capital structure is debt free," the person said.Īsked whether Binance had enough USDC to meet USDC withdrawal requests, the person added it may need to move funds to online "hot" digital wallets from offline wallets, convert stablecoins from one another or carry out network upgrades, sometimes causing delays.īinance said in a tweet around 1654 GMT that USDC withdrawals had resumed.Ĭrypto news outlet CoinDesk reported earlier that Binance saw outflows of $902 million on Monday.īinance said in September it would automatically convert user balances and new deposits of USD Coin and two other stablecoins into its own stablecoin, Binance USD. B inance, the world’s largest cryptocurrency exchange, is struggling to hold onto assets. Stock chart is not supported by your current browser CoinDesk Tether Market. Calculate the latest price of USDT in THB with our real-time converter. Currency in USD 1.0003 -0.0001 (-0.01) As of 04:05PM UTC. The price of converting 1 Tether (USDT) to THB is 34.76 today. Some days we have net withdrawals some days we have net deposits."Ī Binance spokesperson earlier said it always had "more than enough funds" to meet withdrawal requests. USDT-USD - Tether USD CCC - CoinMarketCap. "We saw some withdrawals today (net $1.14b ish). The withdrawals were "business as usual," Binance CEO Changpeng Zhao tweeted. "Binance's withdrawals are increasing due to the growing uncertainty about its reserves report," a Nansen spokesperson said. The $1.9 billion of withdrawals of tokens based on the ethereum blockchain mark the largest daily outflow over a 24-hour period since June 13, the Nansen data showed, and accounted for the majority of the funds being pulled in the last seven days.
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