“Stablecoin Surprise: BUSD Supply Plummets to Lowest Since April ’21 as 10 Billion Redeemed!”
After a redemption of nearly 10 billion stablecoins, Binance USD’s (BUSD) supply dropped to its lowest level since April 2021, reflecting a change in the general attitude in the cryptocurrency market. As the market moves from extremely bullish to cautious, some commentators are viewing stablecoin redemption as a sign of mounting uncertainty. Stablecoins like BUSD […]