BUSD Drama Sets Stage for Stablecoin Market Reshuffle

. According to Kaiko researcher Conor Ryder USDT will likely be the short-term winner as market makers and perhaps even Binance itself tap that as the trader favorite over BUSD.

“It’s very possible that after all the exchange fear from last year that holders of stablecoins have moved away from CEXs,” said Ryder. He said another downward force has been market makers reducing stablecoin liquidity since the start of 2023. No one has lost more than Binance, however. Its on-exchange stablecoin trove has shrunk by $1.5 billion in the past seven days. That this figure only represents an 8% decrease is a testament to how much larger Binance is than everyone else.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Curve Finance (CRV) Eyes 900% Increase in Trading Volume Following Binance USD (BUSD) Turmoil$CRV up 300% in trading volume as crypto traders run to Curve Finance after lawsuit against Binance USD $BUSD initiated by SEC curve curvedao crv curvefinance binanceusd
แหล่ง: Utoday_en - 🏆 295. / 63 อ่านเพิ่มเติม »

Binance CEO: crypto industry will probably move to non-dollar stablecoinsBinance’s ‘CZ’ says US government actions will probably cause non-dollar stablecoins to be used more in the future. Giddy up! Peg to the Euro! It’s stronger than the USD. 😮
แหล่ง: Cointelegraph - 🏆 562. / 51 อ่านเพิ่มเติม »