Binance BUSD Drops $1 Billion in Market Cap, Falls to Fourth Among Stablecoins - What's Going On?

Binance-branded BUSD stablecoin has lost another $1 billion in market cap, descending to the fourth position among stablecoins. The Binance USD (BUSD) stablecoin currently has a market cap of around $4.3 billion, down from $5.5 billion a month ago, data by CoinMarketCap shows. This places BUSD in fourth position among stablecoins and right behind decentralized stablecoin DAI, which has seen its market cap rise to more than $4.6 billion over the past couple of days. ...