Capitalization of the BUSD stabelcoin in 2023 decreased by 80%

The Binance USD (BUSD) stabelcoin has suffered heavy losses since January 2023. Its market supply has collapsed by 80% in the last six months.
As of June 26, BUSD has a capitalization of $4.243 billion. It was overtaken by the DAI token, whose supply exceeds $4.717 billion.
According to CCData, BUSD’s capitalization fell 18% in May alone. This stabelcoin accounts for about 5% of the funds accumulated in the market of digital currencies with fiat collateral.

Leave a Comment