Global #binance

Because DUSD is almost solely utilized as a trading pair on Binance, it has grown to become the fourth-largest stablecoin by market capitalization.

A class action complaint against Binance, alleging the cryptocurrency exchange is selling unregistered crypto derivative products and breaking securities legislation, has been approved by Ontario's higher court.

The criminal trial involving two of Binance's principal workers and the cryptocurrency exchange will not begin until May 17. This deferral was ordered by the Nigerian court as Binance had not received official charges.

The bail request of Tigran Gambaryan, the CEO of Binance who is now being jailed at the Kuje detention center, was delayed by a Nigerian court. The commissioner for the economy and financial crimes filed an application with Justice Emeka Nwite, the head of the Federal High Court in Abuja, requesting an extension of time to provide a thorough answer to the charges that Gambaryan's attorney had added to his defense.

The Indian government originally outlawed Binance, but now it is poised to return after agreeing to pay a hefty fine of about $2 million.

Binance has transferred $1 billion from its Secure Asset Fund for Users (SAFU) to USD Coin (USDC), the stablecoin created by Circle. This means that the fund now accounts for about 3% of the stablecoin's total supply that is in circulation.