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CryptoGlobe

2023-01-27 03:55:00

Binance’s $BUSD Sees Market Cap Plunge by $2 Billion as Tether’s Market Share Rises

Binance’s $BUSD Sees Market Cap Plunge by $2 Billion as Tether’s Market Share Rises

The stablecoin of leading cryptocurrency exchange Binance, $BUSD, has seen its market capitalization plunge by $2 billion after reports of its past mismanagement surfaced, at a time in which Tether’s $USDT has been seeing its market share of the stablecoin space rise. According to available data, BUSD’s circulating supply fell to $15.4 billion this week,

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