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Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

Post author:MiamiCrypto
Post published:March 6, 2023
Post category:Blockchain bnb BTC BUSD crypto assets Cryptocurrencies decentralized finance Digital Tokens Doge Exchange Tokens Financial Technology Greenback Investors Lido Market Capitalization Market Updates Market Valuation MATIC okb OKX paxos polygon PoW Proof-of-Work redemptions Smart Contracts SOL Solana Stablecoins Staked Ether STETH Tether top cryptocurrencies Top Ten USD Coin USDC USDT utility tokens valuation

It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the…