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Declining Demand for Binance's BUSD Represents New Chapter in Stablecoin Wars

The largest crypto exchange’s binance USD stablecoin endured $5.5 billion net redemptions in a month amid concerns about Binance. Top rivals USDT and USDC picked up market share.

Recent speculations about the health of Binance, the world's largest crypto exchange, hit its stablecoin's market share too. (Danny Nelson/CoinDesk)
Recent speculations about the health of Binance, the world's largest crypto exchange, hit its stablecoin's market share too. (Danny Nelson/CoinDesk)