Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries


$ 103,588.0
€ 93,192.2
¥ 38,800.0
£ 78,420.3
BTC
-0.16 %
$ 2,496.54
€ 2,247.19
¥ 935.36
£ 1,890.51
ETH
-1.35 %
$ 340.94
€ 306.76
¥ 127.99
£ 258.16
XMR
0.09 %
$ 102.93
€ 92.61
¥ 38.56
£ 77.93
LTC
1.01 %

Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.