BUSD

USDC

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-celebrates-usdc-mica-compliance" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Celebrates USDC MiCA Compliance</a><br></p>
<p style="text-align: justify">The world’s leading cryptocurrency exchange, <a href="https://en.bitcoinhaber.net/binance-charity-partners-with-children-of-heroes-foundation-to-aid-ukrainian-youth" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, has experienced challenges with stablecoins, particularly after its own stablecoin, BUSD, faced regulatory scrutiny. To adapt, Binance has embraced alternatives, including TUSD and FDUSD. Despite past controversies, such as speculation around TUSD during a zero-fee campaign, Binance continues to innovate. The latest move follows the regulatory compliance success of USDC under MiCA in Europe.</p>
<h2 id="how-binance-pivoted-after-busd-issues">How Binance Pivoted After BUSD Issues?</h2>
<p style="text-align: justify">Following regulatory pressures on BUSD, Paxos ceased minting new tokens and eventually stopped all redemptions, effectively ending BUSD’s active status. Binance pivoted to other stablecoins, notably TUSD and FDUSD, despite facing accusations of <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> manipulation. Binance maintained that their zero-fee trading campaigns were the primary drivers of increased interest.</p>
<p style="text-align: justify">During the tumult of BUSD’s decline, Binance also removed USDC pairs, which was perceived as a competitive move against Coinbase and Circle. Despite these tensions, Binance has kept many USDC trading pairs active, demonstrating resilience and adaptability in its operations.</p>
<h2 id="what-is-the-zero-fee-campaign-for-usdc">What is the Zero-Fee Campaign for USDC?</h2>
<p style="text-align: justify">In light of USDC achieving regulatory compliance under Europe’s MiCA framework, Binance launched a zero-fee campaign for EUR/USDC spot trading pairs. This initiative aims to celebrate USDC’s new status and encourage trading activity on Binance’s platform. The campaign details, including the promotion period and specifics on zero maker and taker fees, were shared by Binance to incentivize participation.</p>
<h3 id="key-takeaways-from-binance-s-strategy">Key Takeaways from Binance’s Strategy</h3>
<p style="text-align: justify">– Binance has adopted alternative stablecoins like TUSD and FDUSD post-BUSD regulatory challenges.<br> – Despite removing USDC pairs initially, Binance maintains significant USDC trading pairs.<br> – The zero-fee campaign for USDC is a strategic move celebrating MiCA compliance and encouraging trading.</p>
<p style="text-align: justify">The zero-fee campaign highlights Binance’s commitment to staying competitive and compliant within the evolving regulatory landscape. This move not only supports USDC’s growing legitimacy but also reinforces Binance’s position as a leading exchange in the cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-celebrates-usdc-mica-compliance" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Celebrates USDC MiCA Compliance</a></h5>

Binance Celebrates USDC MiCA Compliance

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