Nearly 3 Billion BUSD Stablecoins Removed From Market in 6 Days
Six days ago, BUSD worth $2.86 billion were redeemed just before Paxos declared it would no longer manufacture BUSD stablecoins....
John Hobbs serves as the co-Leader of the Coin Culture tokens and data team for Australia site, specialising in crypto derivatives, DeFi, market microstructure, and protocol analysis. John possesses a cryptocurrency portfolio including assets such as YFI, SHIB, DOGE, USDT, MATIC, MANA, GLMR, LINK and XMR. Additionally, he contributes over $5,000 to liquidity pools across various platforms including Compound, Curve, SushiSwap and PancakeSwap. John has a professional background in finance and data analysis, with over five years of experience as a crypto investor.
Six days ago, BUSD worth $2.86 billion were redeemed just before Paxos declared it would no longer manufacture BUSD stablecoins....
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Many cryptocurrency community members have become weary of stablecoins since the collapse of the TerraUSD in May 2022. Since its...
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