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


$ 94,634.3
€ 83,822.3
¥ 38,800.0
£ 71,284.7
BTC
-0.17 %
$ 1,814.62
€ 1,607.77
¥ 744.09
£ 1,366.86
ETH
-0.09 %
$ 283.13
€ 250.60
¥ 115.69
£ 213.07
XMR
2.86 %
$ 83.15
€ 73.66
¥ 34.09
£ 62.63
LTC
-3.17 %

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