BUSD vede brusco calo tra le preoccupazioni per la solvibilità e la cattiva gestione

La stablecoin BUSD di Binance ha visto un forte calo della capitalizzazione di mercato, poiché la sua offerta circolante è scesa a 15,4 miliardi di dollari mercoledì. La stablecoin BUSD è scesa di circa $ 1 miliardo nell'ultima settimana e di circa $ 2 miliardi nell'ultimo mese, secondo i dati di CoinGecko.

Timeline of Binance-usd

The third largest stablecoin, Binnace's BUSD, has seen its circulating supply drop by a margin of $7 billion in less than a month. According to aggregate data provided by Coingecko, BUSD has a market capitalization of approximately $15,567,358,149 and a 24-hour trading volume of about $12,233,687,375.

The stablecoin of leading cryptocurrency exchange Binance, $BUSD, has seen its market capitalization plunge by $2 billion after reports of its past mismanagement surfaced, at a time in which Tether's $USDT has been seeing its market share of the stablecoin space rise. According to available data, BUSD's circulating supply fell to $15.

Binance's BUSD stablecoin market cap has dropped by $2 billion in January after the reveal of a poor management instance. According to crypto price tracker CoinGecko, the market cap of BUSD decreased to $15.4 billion.

BUSD's circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko.

Binance's stablecoin was reportedly undercollateralized at times during 2020 and 2021. Bloomberg reported Tuesday (Jan. 10) that the Binance-Peg BUSD reserves were at three separate times missing collateral of as much as $1 billion.

The biggest cryptocurrency exchange in the world, Binance, made a significant effort last year to elevate its own stablecoin, BUSD, above that of competitors. However, 2022 wasn't the best year for stablecoins. The trust that consumers had placed in stablecoins began to erode after Terra UST's collapse in May.

The current crypto market rebound comes as a welcome trend for traders after a tough time for most part of 2022. However, macroeconomic scenario does not really reflect a bullish sentiment in the traditional markets as yet.

In an interesting development, data obtained from crypto market tracker CoinMarketCap, shows that the XRP token from Ripple has surpassed the giant Binance's BUSD stablecoin; to clinch the sixth spot in terms of market capitalization among the 22,000 odd cryptocurrencies. Ripple's XRP Vs.

Around $6 billion worth of Binance USD (BUSD) was withdrawn from exchanges in the past 30 days, according to CryptoSlate's analysis of Glassnode data. The post BUSD balance on exchanges down $6B over 30 days appeared first on CryptoSlate.

While billions of dollars in crypto assets have been withdrawn from Binance, the world's largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD's supply was drained since last month, statistics show that 14.