Glassnode analysts recorded a weakening activity of BUSD-addresses

The number of addresses regularly sending and receiving Binance USD (BUSD) token has fallen to its lowest level since mid-2021. Glassnode pointed to the sharp weakening of token holder activity.
The fall in the number of BUSD transfers was the result of the Paxos team’s decision to refuse to issue this steblecoin. It was made under the pressure of American regulators last winter.
As a result, the capitalization of BUSD fell below $10 billion for the first time in two years. Now the market supply of stabelcoin is $6.092 billion.

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