by the United States Securities Exchange Commission on Feb. 12 over a possible violation of investor protection laws. Since then SEC, $6.65 billion has been shaved off BUSD’s market cap.on Feb. 12 too, which is likely to have contributed to the stablecoin’s market cap fall.announced it will be delisting BUSD from its exchange on Mar. 13 because the stablecoin “no longer met our listing standards,” a Coinbase spokesman told Cointelegraph.
The wider crypto market has also seen a fall in market cap, with many pointing to the recent controversy surrounding
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BUSD’s market cap has been on a steep downward trajectory since its all-time high market cap of $23.49 billion, which it hit on Nov. 15, just a few days after the shock collapse of FTX. As of March 3, the stablecoin’s market cap has fallen to levels not seen since June 29, 2021.
Just such time of the year. No panic
There is nothing to see here, PAXOS have stopped minting BUSD, it is expected that BUSD holder's would convert or move to another stablecoin
🤔… 1 of 2. First this:
$O ChildhoodsEnd_O ✨ Teh genesis of teh most powerful decentralized stablecoin in teh world. Just in time. Shibarium Shibarmy
Wen $BNB crash?
Buying BTC at $18k, down we go 😀👍
Good.