BUSD

Shiba Inu

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In a strategic move, the world's leading crypto exchange,&nbsp;<a href="https://www.binance.com/en/support/announcement/binance-encourages-users-to-convert-busd-to-other-stablecoins-prior-to-february-2024-d392843e81fd4bc3a5f7e219aa01f34d" rel="noopener noreferrer nofollow">Binance</a>, has announced its decision to cease all support for its native stablecoin, Binance USD (BUSD), starting February 2024. This move has far-reaching implications, including the delisting of BUSD trading pairs, notably those involving&nbsp;<a href="https://u.today/half-a-million-shibarium-wallets-embrace-shiba-inu-innovation-in-record-breaking-launch" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> and XRP tokens. 
Binance is actively encouraging its users to smoothly transition their BUSD holdings into alternative stablecoins available on the platform. 
Of particular interest is the&nbsp;<a href="https://u.today/large-shiba-inu-shib-transactions-witness-jaw-dropping-700-surge-in-2-days" rel="noopener noreferrer nofollow">SHIB</a> to BUSD trading pair, which currently ranks as the fourth most voluminous pair across all platforms featuring the Shiba Inu token. Remarkably, this pairing boasts a trading volume of approximately $1.66 million at present.&nbsp; 
Similarly, for&nbsp;<a href="https://u.today/new-xrp-growth-fuel-here-heres-how-long-it-may-rise" rel="noopener noreferrer nofollow">XRP</a>, the XRP/BUSD pair secures a prominent position as the sixth largest in terms of volume. On Binance alone, this pairing commands a trading volume of $7.67 million, constituting roughly 1% of the token's overall trading volume. 
<h2 dir="ltr" id="cats-and-mice">Cats and mice</h2> 
The exchange's decision to delist and curtail trading options for BUSD is somewhat of a response to the U.S. Securities and Exchange Commission's allegations, labeling the stablecoin as a security. Both the issuer of BUSD, Paxos, and&nbsp;<a href="https://u.today/binance-to-delist-iota-ankr-trading-pairs-details" rel="noopener noreferrer nofollow">Binance</a> itself responded swiftly to these allegations, halting further minting and circulation. 
This strategic pivot has prompted a redirection toward exploring new opportunities on the market. Consequently, BUSD, once a dominant force in the digital asset market, now holds the 23rd position with a capitalization of $3 billion — a stark contrast to its previous top five ranking just a few months ago.

These Shiba Inu (SHIB) and XRP Pairs Eye Delisting From Major Exchange

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