Tag: busd

The stablecoin battle is becoming fiercer than ever as Binance USD (BUSD) fell out of the top 10 by capitalization. Meanwhile, Tether (USDT) holds more than 50% market share. But will this ratio be maintained as other competitors are not inferior?

The Paxos – BUSD crackdown in the past days has helped Tether's USDT expand its market share.

Cryptory.net - Paxos will no longer issue new BUSD tokens from Feb 21 after a lawsuit threat by the SEC.

Tether has overtaken the largest payment networks in terms of transaction volume, according to a Jan 14 tweet.

A recent analysis by Forbes showed that over $12 billion, equivalent to 25% in assets have flowed out of Binance over the past two months, led by BUSD and BNB.

It's been almost a year since the top crypto assets hit all-time highs (ATHs), and now the majority of them have lost significant value.

Currently, the crypto market is worth roughly $1.15 trillion, and stablecoins represent 13.8% of that total.