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Redemption and Reshuffling: BUSD's Exit From Top 10 Cryptocurrencies Shakes Market Valuations – Market Updates Bitcoin News

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The list of top ten cryptocurrencies by market valuation has changed since the BUSD stablecoin redemptions.

), the third-largest cryptocurrency by market capitalization, and usd coin , the fifth-largest crypto in terms of market valuation.A relatively new entrant into the top ten cryptocurrencies by market capitalization is polygon , currently the tenth largest digital token by valuation. The day before Paxos announced it would no longer mint BUSD, MATIC was the tenth largest cryptocurrency by market capitalization, with an $11.55 billion market cap.

OKB has risen more than 25% against the U.S. dollar over the past month. Year-to-date, the exchange/utility token is up 176.3%. However, two-week statistics show a 4% loss against the greenback. With OKB, there are now two exchange/utility tokens in the top ten cryptocurrencies, and the fourth-largest cryptocurrency by market capitalization,There are now two stablecoins, two exchange/utility tokens, four smart contract tokens, and two proof-of-work payment crypto assets in the top ten.

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