The United States dollar-pegged Binance USD (BUSD) stablecoin now sits at fourth position in market capitalization among other stablecoins, following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows.
At the time of writing, the BUSD market cap stands at $4.3 billion, down 29% from $5.54 billion on May 18. The stablecoin has been in a downward trend since December 2022, when its market cap topped $23 billion.