The Market Capitalization of Binance’s BUSD Falls Below $15.4B for First Time
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The stablecoin Binance USD was very popular with investors last fall. In October, the capitalization of the asset exceeded $21.6 billion.
In addition, the share of BUSD in the stablecoin market exceeded 15% as traders massively exited other digital currencies pegged to the US dollar.
However, investors again redistributed capital between fiat-backed virtual assets in favor of Tether (USDT) and USD Coin (USDC) at the end of last year.
According to the experts of blockchain company Nansen, the capitalization of BUSD fell to $15.4 billion on January 26 after losing more than $3 billion.
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