Capitalization of Binance USD decreased by almost $3 billion in a week

Paxos’ decision to stop issuing Binance USD (BUSD) had a negative impact on the investment attractiveness of this stabelcoin.
Traders began to withdraw capital from this digital asset en masse. Over the last seven days, the market supply of BUSD has decreased by almost $2.86 billion (-17.77%).
During the month, the capitalization of the stabelcoin fell almost 20% to $12.8 billion. Investors began to leave BUSD almost immediately after the Paxos team announced that it would stop issuing tokens under pressure from U.S. regulators.

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