As the crypto crackdown continues, a major regulator has terminated any new issuance of one of Binance’s self-created cryptocurrencies! This decision could have a big impact on other exchanges with their own currencies, and could also impact the broader crypto industry.
So now, there will be no new issuances of Binance USD (BUSD), this is one of its stablecoins. Stablecoins are a type of cryptocurrency that have a more stable value, often because the value is tied to the value of the normal currency. In this case, the U.S. dollar.
Since no new BUSD coins will be created, this may hurt the product as people may become less confident about it. And this could lead to a reduction in demand, making it less popular.