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bitcoin
Bitcoin (BTC) $ 102,844.55
ethereum
Ethereum (ETH) $ 2,289.99
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 632.38
usd-coin
USDC (USDC) $ 0.999991
xrp
XRP (XRP) $ 2.08
binance-usd
BUSD (BUSD) $ 0.99858
dogecoin
Dogecoin (DOGE) $ 0.156731
cardano
Cardano (ADA) $ 0.555335
solana
Solana (SOL) $ 136.27
matic-network
Polygon (MATIC) $ 0.173449
polkadot
Polkadot (DOT) $ 3.29
tron
TRON (TRX) $ 0.272769
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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

    See also  XRP Exhibits Weakest Efficiency in High 10, Until This Occurs, Greatest Bitcoin (BTC) Breakout of 2024 Is in, Solana (SOL) Explodes Above $165: Is $200 Subsequent?

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