Shiba Inu (SHIB) Market Cap Overtakes Binance USD Stablecoin (BUSD)
Shiba Inu’s market cap has now exceeded Binance USD stablecoin, coinciding with a period of positive run for the popular meme coin.
Binance USD
Shiba Inu’s market cap has now exceeded Binance USD stablecoin, coinciding with a period of positive run for the popular meme coin.
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest…
Dogecoin rival Shiba Inu (SHIB) has surpassed Binance USD (BUSD) in market capitalization, moving into the 14th spot on CoinGecko’s rankings. It currently has a market cap of $6.8 billion…
Tether USD (USDT), the largest stablecoin by market capitalization, is witnessing an impressive surge in its valuation, having recently hit an 11-month-high market cap.
Recently, the stablecoin market experienced significant changes, creating an opportunity for other stablecoins, such as Pax Dollar and TrueUSD , to grab the market share. Since Binance’s decline following CFTC’s…
bUSD, one of the largest stablecoins in the crypto market, has seen its market cap drastically decrease in the past two months.
Cryptocurrency exchange Binance reportedly experienced a large exodus of BUSD on 3 April, 2023. This outflow was linked to FUD after the content of a Sha256 hash prediction by Twitter…
Binance has converted over 800 million BUSD to other cryptos from its Recovery Fund amid heightened US scrutiny on stablecoins. However, more regulation is coming for stablecoins.
Market dominance of Tether (USDT) rose to its 22-month-high of over 60.5%. True USD (TUSD) spiked over 172% since the start of 2023.
Binance.US has temporarily halted BUSD services including deposits and withdrawals, and buying, selling, and converting crypto options via the OCBS. The platform is investigating the issue and is also transitioning…