Binance to cease borrowing and lending services for its native stablecoin Binance USD (BUSD) by October 25, according to a recent announcement. All outstanding BUSD loan and collateral positions will be closed by month-end, while borrowing and lending with other stablecoins like Tether (USDT), Dai, TrueUSD (TUSD), and USD Coin (USDC) will continue. This move comes after Binance announced it will cease all BUSD-related services by 2024, following the termination of its relationship with BUSD issuer Paxos due to ongoing litigation with the U.S. SEC. BUSD's market cap has fallen from a peak of $23 billion to $2.23 billion.