The number of $BUSD stablecoins in circulation dropped below the 7 billion range to the current 6.68 billion.
that the New York State Department of Financial Services had directed the company to stop issuing BUSD. On that day, around 16.1 billion BUSD tokens were in circulation, and since then, 9.42 billion stablecoins have been redeemed.Between March 15 and April 15, 2023, BUSD’s supply decreased by 19.8%. In mid-November 2022, BUSD’s market capitalization was at its highest point ever at $23.49 billion, with a global trade volume of over $11 billion within a 24-hour period.
Seven out of the top ten largest BUSD wallets belong to Binance. All ten wallets hold 92.52% of the ERC20 version of the BUSD supply, according to current data.
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