The sharp decline in BUSD market value
According to Adonis Network's news, quotes from the Nansen Statistical Platform, the circulating supply of BUSD stablecoin decreased to about 15 billion dollars on January 25, which shows a decrease of 1 billion dollars compared to last week. The market value of BUSD is due to problems related to management. The dollar-pegged token, which was first revealed in January 2023, has continued to decline. While Binance denies reports that the stablecoin is not fully supported, investor fears have led to a massive exodus.
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