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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.

By Krisztian Sandor

Updated Mar 3, 2023, 6:54 p.m. Published Jan 5, 2023, 6:27 p.m.

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