With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

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 miljardit, marking the lowest number of BUSD in circulation since April 2021. Lisaks, data indicates that the supply of BUSD has shrunk by 19.8% üle mineviku 30 päevadel.

Sisu

BUSD Stablecoin Supply Hits Lowest Point in Two Years

BUSD, which was once among the largest stablecoins, remains the third-largest USD-pegged token. Kuid, on February 13, 2023, Paxos teatas that the New York State Department of Financial Services (NYDFS) had directed the company to stop issuing BUSD. On that day, around 16.1 billion BUSD tokens were in circulation, ja sellest ajast peale, 9.42 billion stablecoins have been redeemed.

BUSD’s market capitalization over the last three years.

Between March 15 and April 15, 2023, BUSD’s supply decreased by 19.8%. In mid-November 2022, BUSD’s market capitalization was at its highest point ever at $23.49 miljardit, with a global trade volume of over $11 billion within a 24-hour period. Kuid, aprillil 15, 2023, with its much smaller market valuation, BUSD’s 24-hour global trade volume is approximately $2.61 miljardit.

Seven out of the top ten largest BUSD wallets belong to Binance. All ten wallets hold 92.52% of the ERC20 version of the BUSD supply, according to current data.

Nansen’s statistics reveal that Binance, the largest crypto exchange by trade volume, holds 6.1 billion BUSD, according to Nansen’s exchange portfolio tool that shows the trading platform’s reserve balances. The BUSD rich list shows that the top ten holders, including Binance’s stash, hoia 92.52% of the circulating supply out of 166,645 unique addresses that hold BUSD. Lisaks, the top 100 BUSD holders own approximately 96.09% of the stablecoin’s current supply.

Binance-associated addresses control seven out of the top ten largest BUSD addresses. Current data suggests that if the redemptions continue, the stablecoin issued by the Makerdao protocol DAI will soon surpass BUSD’s current number of tokens in circulation. Praegu, there is $5,016,181,138 DAI in circulation, but the DAI supply has also decreased over the past 30 days by 13.6%.

Sildid selles loos
Altcoinid, Asset-backed, Binance, Binance Stablecoin, Binance USD, Plokiahel, BUSD, BUSD stablecoin, Centralized, Circulation, krüptovahetus, Krüptovaluuta, DAI, Decentralized, Digitaalsed varad, Dollar Altcoins, ERC20, Fiat, Rahandus, Global, investment, Makerdao protocol, Market Capitalization, Market Valuation, NYDFS, Paxos, redemption, Reserve, reserve balance, Stabiilsed mündid, Statistics, Supply, technology, Tokenid, top holders, kaubanduse maht, kauplemine, USA dollar, Virtual Currency, Rahakott

What do you think about the number of BUSD removed from circulation since February 13? Share your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman on Bitcoin-Tidings.com Newsi uudistejuht ja Floridas elav finantstehnoloogia ajakirjanik.. Redman on sellest ajast alates olnud aktiivne krüptoraha kogukonna liige 2011. Tal on kirg Bitcoini vastu, avatud lähtekoodiga kood, ja detsentraliseeritud rakendused. Alates septembrist 2015, Redman on kirjutanud rohkem kui 6,000 artiklid saidile Bitcoin-Tidings.com Uudised täna esile kerkivate häirivate protokollide kohta.




Pildi autorid: Shutterstock, Pixabay, Wiki Commons

Vastutusest loobumine: See artikkel on mõeldud ainult informatiivsel eesmärgil. See ei ole otsene pakkumine ega ostu- või müügipakkumise küsimine, või mis tahes toodete soovitust või kinnitust, teenuseid, või ettevõtted. Bitcoin-Tidings.com ei paku investeeringuid, maks, seaduslik, või raamatupidamisalane nõustamine. Ettevõte ega autor ei vastuta, otseselt või kaudselt, mis tahes kahju või kaotuse eest, mis on põhjustatud või väidetavalt põhjustatud mis tahes sisu kasutamisest või sellest sõltumisest või sellega seoses, selles artiklis mainitud kaupu või teenuseid.

Lugege lahtiütlemine