Data: BUSD market capitalization falls below 5 billion USD, shrinking by 50% in three months

According to ChainCatcher news, as per the latest data from CoinGecko, the market capitalization of the US dollar stablecoin Binance USD (BUSD) issued by Paxos has fallen below the 5 billion dollar mark, currently standing at 4,997,194,500 dollars.

Historical data shows that BUSD's market capitalization has shrunk by 50% in about three months: BUSD's market cap fell below 10 billion dollars on March 3, 2023, below 9 billion dollars on March 5, below 8 billion dollars on March 27, below 7 billion dollars on April 11, and below 6 billion dollars on May 10. (source link)