140,000,000 BUSD Burnt At Paxos Treasury; Is the BUSD Era Over?

Key Points: Recently, 140,000,000 BUSD were burned at the Paxos Treasury, causing the Binance Dollar (BUSD) to fall out of the top 10 by capitalization. As Paxos received a death sentence from US regulators, BUSD is rapidly disappearing off the market’s stablecoin map.