SEC alleges Binance sent Paxos nearly $20B in commingled funds via Merit Peak in 2021

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Over $2B BUSD burnt in the last seven days

Ad Binance USD’s (BUSD) supply shrank by 18.2% — roughly $2.27 billion — over the last seven days to $10.84 billion, according to CryptoSlate’s data. The massive redemptions have seen the stablecoin drop out of the top 10 cryptocurrencies by market cap, according to CoinGecko. During this period, Binance burnt $2 billion idle BUSD on…