Dai Flips BUSD To Become Third-Largest Stablecoin As Binance Stares Down Mounting Legal and Regulatory Setbacks

A rival of Binance USD (BUSD) has flipped the dollar-pegged asset to become the third-largest stablecoin in the world. New data reveals that Dai (DAI), the stablecoin issued by MakerDAO, has surpassed BUSD as Binance, the world’s largest crypto exchange platform by volume, struggles with mounting legal issues and regulatory setbacks.