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ethereum
Ethereum (ETH) $ 3,143.99
tether
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usd-coin
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matic-network
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polkadot
Polkadot (DOT) $ 6.06
tron
TRON (TRX) $ 0.13679
bitcoin
Bitcoin (BTC) $ 58,196.59
ethereum
Ethereum (ETH) $ 3,143.99
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 534.48
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.467438
binance-usd
BUSD (BUSD) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.107598
cardano
Cardano (ADA) $ 0.414042
solana
Solana (SOL) $ 138.89
matic-network
Polygon (MATIC) $ 0.506748
polkadot
Polkadot (DOT) $ 6.06
tron
TRON (TRX) $ 0.13679
More

    BUSD Stablecoin Market Shrinks by 3 Billion in Six Days

    Latest News

    • BUSD has seen a major decline in provide over the previous month.
    • Binance is presently essentially the most energetic change for BUSD transactions.
    • Different stablecoins, corresponding to , have been affected by the BUSD scenario.

    The previous month has seen a good portion of the BUSD token provide being redeemed after the stablecoin’s issuer, Paxos, introduced that it’s going to now not be minted. The crypto neighborhood is left pondering the extent of the affect the first-of-its-kind scenario can have on the broader market.

    The Decline of Stablecoins

    On February 13, 2023, Paxos introduced that following a swimsuit by the SEC that BUSD would now not be minted. The case resulted in a fast redemption of BUSD, with $290 million of the stablecoin being redeemed inside eight hours…

    Proceed Studying on DailyCoin

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