Binance USD’s [BUSD] market cap hits two-year low: Who will take its place

was down to 1.6 billion. A digital asset total supply refers to the amount of created tokens in circulation, burned or reserved.

Before its proscription in February, the same metric was as high as 4.71 billion. Hence, the decline is proof that Paxos, the issue of BUSD had heeded the instruction. For long-term holders who once considered BUSD as their safe haven, taking drastic exit measures has been the order of the day.At the time of writing, the 90-day dormant circulation had several significant spikes. High values of this metric usually mean that HODLers are selling to new entrants. In other scenarios, it could mean previously dormant coins are being exchanged for other assets or changed into liquid supply.

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