June 16 (Cointime) - After a $95 million burn, BUSD stablecoin's market capitalization has fallen below that of DAI. Despite maintaining its third most dominant position for over three months, the decline of BUSD was inevitable after Paxos stopped issuing it in February.

The recent Binance lawsuit, which named BUSD a security, has led to an uptick in its burn rate and a decrease in its supply compared to DAI. Additionally, BUSD has been losing its share of the total Ethereum stablecoin supply since March, while USDT and USDC have been increasing their dominance.