BUSD falls to fourth place amongst stablecoins

The US dollar-pegged Binance USD (BUSD) stablecoin now sits at fourth place in market capitalization amongst different stablecoins, following a dip of over $1 billion prior to now 30 days, information from CoinMarketCap reveals.

On the time of writing, the BUSD market cap stands at $4.3 billion, down 29% from $5.54 billion on Might 18. The stablecoin has been in a downward development since December 2022, when its market cap topped $23 billion.

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