PaxosTreasury

According to reports, Whale Alert monitoring data showed that 97858390 BUSDs were destroyed by PaxosTreasury at 12:38 on February 24, 2023, Beijing time. Interpretation of this information: The message states that at 12:38 on February 24, 2023, PaxosTreasury destroyed 97858390 BUSDs, as per the Whale Alert monitoring data. BUSD is a stablecoin pegged to the value of the US dollar, and PaxosTreasury is a regulated trust company that manages and issues BUSD. When BUSDs are “destroyed,” it means they are taken out of circulation, making the remaining BUSD in circulation…

According to reports, Whale Alert monitoring data showed that at 05:59 on February 18, 2023 Beijing time, PaxosTreasury destroyed 64087057 BUSDs. Interpretation of this information: The message above contains information about PaxosTreasury destroying a significant amount of BUSDs on February 18, 2023, at 05:59 Beijing time. The information was reportedly obtained from Whale Alert monitoring data. It is unclear why PaxosTreasury destroyed the BUSDs or the implications of the action. PaxosTreasury is an issuer of BUSD, also known as the Binance USD. BUSD is a stablecoin that is pegged to…