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bitcoin
Bitcoin (BTC) $ 38,320.27
ethereum
Ethereum (ETH) $ 2,070.82
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 231.14
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.616388
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.081039
cardano
Cardano (ADA) $ 0.388791
solana
Solana (SOL) $ 61.62
matic-network
Polygon (MATIC) $ 0.76813
polkadot
Polkadot (DOT) $ 5.34
tron
TRON (TRX) $ 0.10395
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    Binance Stablecoin BUSD Falls Under $10 Billion Market Cap for First Time

    Latest News

    • BUSD has shed greater than 50% of its market cap since maxing out at its all-time excessive of $23.4 billion.
    • BUSD’s market cap is in freefall, and there’s presently no approach for it to show round.
    • Regardless of regulatory strain on Stablecoins within the U.S., different Greenback-pegged tokens are gaining market cap share.

    Following the SEC’s issuance of a Wells discover to BUSD issuer Paxos, and subsequent demand to stop minting the stablecoin, BUSD’s market cap has been in freefall.

    BUSD reached a peak market cap of $23.3 billion on November 16, 2022, following a constant upward trajectory after its launch in September 2019. Nevertheless, its market cap has dropped to $9.6 billion at publishing as tokens proceed to be burned in gentle of the SEC’s ruling.

    The favored stablecoin…

    Proceed Studying on DailyCoin

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