Tether USDT Gains $1B as Paxos Burns Over $1.8B of BUSD
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
![image Coindesk](https://image.coinlive.com/24x24/cryptotwits-static/8fa45d5ea084a3dc4d04f3df57de4aa1.jpeg)
The increase comes as BUSD issuer Paxos faces increasing regulatory scrutiny.
Binance said it plans to increase the fund to $2 billion as it expects participation to increase.
Binance token-related addresses were topped up with over $700 million in different tokens, while a bitcoin address was funded with $300 million.
Meta kicked off the rebrand in the United States in June, and is now making the change globally.
INTERNET CITY, DUBAI, Jul. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed META OCTAGON (MOTG) ...
The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply.
One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche.
The company also highlighted that the deal with the Immutable X NFT marketplace will bring the company $150 million worth of IMX tokens upon "achievement of certain milestones."
Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call, but Zuckerberg remains optimistic about future profitability from the Metaverse.