DAI surpasses BUSD to become the third-largest stablecoin

MakerDAO’s DAI has surpassed Binance USD (BUSD) to become the third-largest stablecoin by market capitalization. With a current market valuation of approximately $4.394 billion, DAI has now taken the coveted position, while BUSD’s market capitalization stands at around $4.609 billion at the time of writing.