Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month – Altcoins Bitcoin News

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Stats show the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days.

GUSD’s coins in circulation have dropped 25% lower during the last 30 days, which is 5% more than the reduction recorded by BUSD last month. GUSD’s reduction was not as drastic as BUSD’s as GUSD’s dollar-pegged tokens in circulation started to decline on Nov. 16, 2022. BUSD has seen $6.61 billion in 24-hour global trade volume and cryptocompare.com metrics show a great deal of BUSD pairs are swapped with tether today.

Binance is BUSD’s most active exchange on Dec. 16, 2022, and on Pancakeswap $2,896,034 in BUSD’s trades with tether have been recorded during the past 24 hours. At press time, out of the $851 billion crypto economy, BUSD’s market capitalization dominates by 2.184% on Friday. Out of the $140 billion stablecoin economy, BUSD is still the third largest dollar-pegged coin, equating to 13.271% of the entire stablecoin economy’s valuation. In addition to the BUSD coins in circulation statistics taken from coingecko.com,

 

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USDT has the most liquidity anyway

Right now I prefer to use usdt. Because for me it is the most reliable stable coin.

News and big banks in their best mission, scare people

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