Binance USD market cap falls below $10B amid rising regulatory concerns By Cointelegraph – InfowayTechnologies

Binance USD’s (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange.

BUSD’s market cap has been on a steep downward trajectory since its all-time high market cap of $23.49 billion, which it hit on Nov. 15, just a few days after the shock collapse of FTX.

Market cap of Binance USD (BUSD) over the last 12 months. Source: CoinGecko.
The largest stablecoins by market cap. Source: CoinMarketCap