ほぼ 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 日々

Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. 現在, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over the past 24 時間.

BUSD Supply Shrinks by 17.77% の 6 日々

Statistics show that a significant amount of BUSD has been redeemed over the past six days, with the supply dropping by 17.77% during that time frame. Over the past 30 日々, the supply of BUSD has shrunk by 19.2%. On Feb. 13, 2023, パクソス, the company that issues, manages, and redeems BUSD, 発表した that it would no longer mint new BUSD going forward.

Redemptions kicked into high gear after Paxos made the announcement, と $290 million being redeemed within eight hours. At the time of the announcement, there was $16.1 billion BUSD in circulation. As of Feb. 19, 2023, there are approximately 13,238,824,118 BUSD in circulation, meaning that the 17.77% of BUSD redeemed accounted for 2.861 billion tokens being removed from the market.

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
Statistics from Glassnode show the supply at 13.43 billion while coingecko.com statistics show the supply at 13.23 十億.

The blockchain intelligence firm Nansen has been monitoring the Paxos Treasury wallet, which sends millions of BUSD to the burn address, effectively removing the stablecoins from circulation. According to Nansen’s exchange portfolio tool, Binance currently holds 10.9 billion BUSD as of Feb. 19, 2023. Metrics show that BUSD still accounts for $7.24 billion of the day’s $67.71 billion in global trade volume, which represents 10.7% of the total.

読んだ  Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

Binance dominates most of BUSD’s trading volume, with the stablecoin’s most popular trading pair today being tether (USDT). According to statistics from cryptocompare.com, 5.52% of BUSD volume on Sunday was also paired with the Turkish lira. Although BUSD had the most redemptions in the past 30 日々, USDC saw 2.9% of its supply removed during that period.

Notably, Paxos’ other stablecoin, pax dollar (USDP), has seen its supply decrease by 19.3%. A significant amount of pax gold (PAXG) has also been removed, なので 11.3% of the circulating supply has been erased in 30 日々. In contrast, テザー (USDT) has seen its supply increase by 5.8%, resulting in a market capitalization of more than $70 十億.

このストーリーのタグ
8 時間, アルトコイン, バイナンス, Binance Paxos, ブロックチェーン, blockchain intelligence, Burn Address, BUSD, BUSD redemptions, BUSD stablecoins, Charges, 循環供給, サーキュレーション, 暗号経済, Cryptocompare, cryptocompare.com, 暗号通貨, 交換, fully-backed, Global Trade Volume, halting, Market Capitalization, Market Trends, 鋳造, Nansen, NYDFS, Pax dollar, PAXG, パクソス, Paxos Trust Company, Portfolio Tool, press release, Redeemable, redemptions, ステーブルコイン, stablecoin news, ステーブルコイン, Statistics, Supply Shrinkage, テザー, 取引量, 取引, Turkish Lira, USDC, USDP, USDT

What do you think the future holds for BUSD in light of these recent developments and redemptions? 以下のコメントセクションであなたの考えを共有してください.

ジェイミー・レッドマン

Jamie Redman は、Bitcoin-Tidings.com News のニュース リードであり、フロリダに住む金融技術ジャーナリストです。. レッドマンは以来、暗号通貨コミュニティの積極的なメンバーです。 2011. 彼はビットコインに情熱を持っています, オープンソース コード, および分散型アプリケーション. 9月以降 2015, レッドマンはより多くのことを書いています 6,000 Bitcoin-Tidings.com の記事 今日出現している破壊的なプロトコルに関するニュース.




読んだ  サウジアラビアの医療機関がブロックチェーンベースの「デジタルクレデンシャルソリューション」を実装

画像クレジット: シャッターストック, Pixabay, ウィキ・コモンズ

免責事項: この記事は情報提供のみを目的としています. 売買の申し出の直接的な申し出または勧誘ではありません, または製品の推奨または保証, サービス, または企業. Bitcoin-Tidings.com 投資を提供しない, 税, 法的, または会計アドバイス. 会社も著者も責任を負いません, 直接的または間接的に, コンテンツの使用または依存によって、またはそれに関連して引き起こされた、または引き起こされたと主張されている損害または損失について, この記事で言及されている商品またはサービス.

読んだ 免責事項