By: Byron Mosoti
There was even a small DOGE bump.
BUSD’s capitalization decline has already reached $1 billion. Even Justin withdrew $300 million of BUSD from Binance and sent it to the Paxos wallet for burning
BUSD is rumored to have been shut down not because of Paxos’ poor performance, but because of Binance’s own issuance of a wrapped stackablecoin in BNBChain. Meanwhile, the issuer of USDC said that the SEC did not send them any notices about the company inspection
The markets decided to react positively to the bad inflation data yesterday, with the S&P 500 trading at zero and BTC even back up to $22k. Let’s see if the optimists have enough strength for another day.