- BUSD has shed more than 50% of its market cap since maxing out at its all-time high of $23.4 billion.
- BUSDâs market cap is in freefall, and there is currently no way for it to turn around.
- Despite regulatory pressure on Stablecoins in the U.S., other Dollar-pegged tokens are gaining market cap share.
BUSD reached a peak market cap of $23.3 billion on November 16, 2022, following a consistent upward trajectory after its launch in September 2019. However, its market cap has dropped to $9.6 billion at publishing as tokens continue to be burned in light of the SECâs ruling.
The popular stablecoin...