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Binance Stablecoin BUSD Loses $2 Billion in Market Cap in a Month

At its low on Wednesday this week, BUSD’s market cap touched $15.3bn, down more than $2bn compared to the $17.5bn market cap it had on the same date in December.

Back in mid-December last year, Binance saw withdrawals from its platform of more than $3bn in a matter of just 24 hours as traders feared the exchange could face a similar destiny as FTX. The rush to withdraw then led Binance CEO Changpeng Zhao, better known as CZ, to come out and reassure users that all was fine with the exchange

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