On March 10, the Binance Dollar’s (BUSD) market cap crossed the $100 million mark. This is the first time that the stable coin, created in partnership between Binance and Paxos Trust company, has achieved this milestone.
Currently, BUSD has the sixth highest market cap amongst stable coins. BUSD had a slow start, but has picked up steam (no pun intended) recently ‒ with a 400% monthly growth, going from $22 million to $115 million in market cap.