BUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the pastin a week and $2 billion in a month, according to cryptocurrency price tracker CoinGecko. sndr_krisztian reports
from Binance after it botched a report about its digital asset reserves.BUSD lost $2 billion of its market value in 30 days, the most among its closest competitors. under the Binance brand, backed by cash and U.S. Treasury bill reserves. Traders use stablecoins as an intermediary to convert traditional fiat money to digital assets and facilitate trading cryptocurrencies.
The latest decline comes amid recent reports about errors involving the exchange's wrapped token derivatives known as
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