Greenback-pegged Binance USD (BUSD) After shedding over $1 billion within the final 30 days, the stablecoin now ranks 4th amongst different stablecoins by market capitalization (CoinMarketCap knowledge) present.

On the time of writing, BUSD has a market cap of $4.3 billion, down 29% from $5.54 billion on Could 18. Stablecoins have been on a downward pattern since December final 12 months, when their market cap surpassed $23 billion.

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