Paxos Treasury

On March 27, according to Whale Alert monitoring, Paxos Treasury destroyed 119900000 BUSDs on the Ethereum network at 21:41:23.
Paxos destroyed 119.9 million BUSDs
IntroductionThe

According to reports, Whale Alert data showed that at 22:34:35 Beijing time on February 24, Paxos Treasury destroyed 162499505 BUSDs. Interpretation of this information: The above message highlights a recent development in the cryptocurrency market, as per the data shared by Whale Alert. The report confirms that Paxos Treasury, a leading provider of blockchain infrastructure solutions, has destroyed a significant amount of BUSDs on February 24th, 2021, at 22:34:35 Beijing time. This news is significant for multiple reasons, and its interpretation can help users understand the implications of the event…

According to reports, Whale Alert monitoring data showed that at 18:38 on February 24, 2023, Paxos Treasury destroyed 116871995 BUSDs. Interpretation of this information: On February 24, 2023, Whale Alert, a blockchain transaction tracking firm, reported that Paxos Treasury, an entity that manages the stablecoin BUSD, had destroyed over 116 million BUSDs. This act of destroying digital currency may seem counterintuitive, but it is a relatively common practice in the world of stablecoins. Stablecoins are cryptocurrencies that are pegged to the value of another asset, such as the US dollar,…

According to reports, according to Etherscan data, Paxos Treasury destroyed 93336183 BUSDs one hour ago (17:21:23 UTC, February 22). Interpretation of this information: The recent news on Paxos Treasury is quite intriguing as it reports a destruction of 93,336,183 BUSDs (a stablecoin pegged to the US dollar) an hour ago, as per Etherscan data. Paxos Treasury is a regulated financial institution that also acts as a custodian for the stablecoin BUSD. BUSD is used to facilitate efficient transactions on distributed ledgers as it is a digital asset that settles on-chain….

According to reports, according to Etherscan data, Paxos Treasury destroyed 93823673 BUSDs one hour ago (18:10:47 UTC on February 20). Interpretation of this information: The message states that Paxos Treasury destroyed a total of 93,823,673 BUSDs an hour ago, based on Etherscan data. BUSD stands for Binance USD, a stablecoin pegged to the US dollar and issued on the Binance blockchain. Stablecoins like BUSD allow users to make transactions without worrying about the volatility of cryptocurrency prices. BUSD can also be redeemed for actual US dollars, making it an appealing…

According to reports, Whale Alert monitoring data showed that 74224220 BUSDs were destroyed by Paxos Treasury at 01:45 on February 19, 2023, Beijing time. Interpretation of this information: The message suggests that Paxos Treasury has destroyed a significant amount of BUSD (Binance USD) based on monitoring data provided by Whale Alert. The destruction of over 74 million BUSDs at a specific time indicates that there was a deliberate action taken by Paxos. Paxos Treasury is known for its digital asset platform and provides blockchain-based services for institutions and individuals. It…

According to the report, Whale Alert monitoring data showed that at 02:12 on February 18, 2023 Beijing time, Paxos Treasury destroyed 89821823 BUSDs. Interpretation of this information: This message is a brief announcement about an event that took place on February 18, 2023 at 02:12 Beijing time. The event, which was monitored by Whale Alert, involved Paxos Treasury destroying 89,821,823 BUSDs. It provides no further context or explanation, leaving the reader to ponder its significance and implications. However, based on the limited information provided, we can make some assumptions about…

On February 16, according to Whale Alert data, Paxos Treasury destroyed 96953902 BUSDs (worth 96934512 US dollars). Interpretation of this information: The message explains that Paxos Treasury, a company that provides financial services enabled by blockchain technology, destroyed a large number of BUSDs on February 16. BUSD is a stablecoin that is pegged to the US dollar, meaning that its value is designed to be equivalent to one dollar. Destroying BUSDs means that the tokens were taken out of circulation and are no longer able to be used for transactions….

It is reported that according to Whale Alert data, 147311624 BUSDs were destroyed by Paxos Treasury 38 minutes ago. Interpretation of this information: The message reports that 147311624 BUSDs have been destroyed by Paxos Treasury. This event was reported by Whale Alert data just 38 minutes prior. BUSD, or Binance USD, is a cryptocurrency designed to maintain a value equivalent to that of the US dollar. The fact that these tokens were destroyed implies that they were taken out of circulation or rendered unusable. The reasons for destroying BUSDs or…

It is reported that with the destruction of BUSD by Paxos Treasury, the market value of the US dollar stable currency has dropped sharply in recent days. According to the latest data of coingecko, the market value of BUSD has fallen below the threshold of US $15 billion, and now it has fallen to US $14.674 billion. The market value has shrunk by more than US $1.5 billion in the past two days. Interpretation of this information: The recent destruction of BUSD by Paxos Treasury has caused a significant drop…

On February 15, according to Whale Alert data, Paxos Treasury destroyed 117401943 BUSDs at 07:54:47 UTC on February 15. With the continuous destruction, the market value of BUSD has shrunk significantly in the past two days. According to the data of Coingecko, the market value of BUSD was about $16.204 billion on February 13, and it is currently about $15.203 billion, a decrease of more than $1 billion. Interpretation of this information: The recent destruction of BUSD by Paxos Treasury has resulted in a significant decrease in the market value…

On February 14, according to Whale Alert data, Paxos Treasury destroyed 76152978 BUSDs on the Ethereum chain at 13:25 today. Interpretation of this information: The message indicates that Paxos Treasury, a digital asset company operating on the Ethereum blockchain, has destroyed a large amount of BUSD (a stablecoin pegged to the US dollar) at 13:25 on February 14, as reported by Whale Alert data. The destruction of tokens means that they are removed from circulation, reducing the total supply of BUSD in the market. This move by Paxos Treasury could…

It is reported that according to PeckShield monitoring, about 342 million BUSDs have been destroyed in Paxos Treasury in the past 24 hours, and the market value of BUSDs has decreased from 16.1 billion US dollars to 15.8 billion US dollars. Interpretation of this information: The crypto world never stops to make news and reports, and recently, a strange thing happened, leaving the community puzzled. According to the latest reports, Paxos Treasury destroyed around 342 million BUSD in the past 24 hours. As a result, the market value of BUSDs…