Is Binance’s BUSD the Reason Behind the Recent Altcoin Pump? Here’s What Happened

The biggest cryptocurrency exchange in the world, Binance, made a significant effort last year to elevate its own stablecoin, BUSD, above that of competitors. However, 2022 wasn’t the best year for stablecoins. The trust that consumers had placed in stablecoins began to erode after Terra UST’s collapse in May.