Coinbase Adds Rival Binance’s Stablecoin BUSD Support
Coinbase Adds Support to Rival Binance’s BUSD

Coinbase has listed Binance’s US dollar-backed stablecoin BUSD on its platform. That makes BUSD the eighth stablecoin available on Coinbase. BUSD is the 4th largest stablecoin by market cap. Coinbase has listed its competitor Binance’s US dollar-backed stablecoin on its Ethereum network. BUSD will become the eighth stablecoin on Coinbase, alongside Tether (USDT), USD Coin (USDC), TerraUSD (UST), Dai (DAI), Paxos Standard (PAX), Rai Reflex Index (RAI), and mStable USD (MUSD). The Binance stablecoin project BUSD debuted in partnership with Paxos, the one responsible for the stablecoin’s reserves.  Coinbase and Binance have been strikingly clashing through social media in the

US Treasurer: Crypto for Evading Sanctions ‘Not Enough’
US Treasurer: Crypto for Evading Sanctions ‘Not Enough’

Neille Liang indicated that the crypto market is still undeveloped to be used to evade sanctions in a large-scale way. Senator Elizabeth Warren presented a bill to ensure Russia not to undermine economic sanctions. President Joe Biden signed an executive order on crypto regulation last week. Neille Liang, Treasury undersecretary for domestic finance, stated that the crypto market is too small to run an economy on. In addition, Liang said the crypto environment is still undeveloped to successfully aid sanctions evasion for Russia. At an interview with Reuters on Friday, the Treasury undersecretary said: “The transaction size we’ve seen is