Stablecoin Binance USD (BUSD) was very popular among investors last fall. In October, the capitalization of this token exceeded $21.6 billion.
BUSD’s share of the Stablecoin market exceeded 15% as traders exited other digital currencies pegged to the U.S. dollar en masse.
However, at the end of 2022, investors again reallocated capital between virtual assets with fiat collateral in favor of Tether (USDT) and USD Coin (USDC).