{"id":539496,"date":"2023-06-24T13:26:27","date_gmt":"2023-06-24T13:26:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=539496"},"modified":"2023-06-24T14:06:57","modified_gmt":"2023-06-24T14:06:57","slug":"busd-market-cap-plunge-of-80-in-2023-raises-concerns-of-impending-collapse","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/busd-market-cap-plunge-of-80-in-2023-raises-concerns-of-impending-collapse\/","title":{"rendered":"BUSD Market Cap Plunge Of 80% Raises Concerns Of Impending Collapse"},"content":{"rendered":"
The fate of Binance USD (BUSD), the stablecoin introduced by Binance, hangs in the balance as its market capitalization has experienced a significant decline of over 80% in 2023.<\/span><\/p>\n
From November 2022 to June of the current year, BUSD’s market capitalization has plummeted from USD23 billion to USD4 billion. Notably, the capitalization suffered an 18% loss in May alone, as reported by CCData, an analysis company.<\/span><\/p>\n
TrueUSD (TUSD) Gains Traction As BUSD Market Cap Declines<\/strong><\/h2>\n