BUSD, however, has shown signs of resilience despite the turbulence. The token has maintained its peg, seen only slightly above-average outflows of over $500 million and there have been no unforeseen incidents concerning BUSD that have taken place on BNB chain-based decentralized finance applications, in which the stablecoin plays a huge role.
Related posts
-
Integrating With TON Network to Widen Its Stablecoin Dominance
When examining the top three blockchain platforms and their stablecoin usage, TRON transactions are heavily dominated... -
Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million
The recent unimpressive price action of Bitcoin is playing out in the minds of institutional investors,... -
UK Economic Secretary Bim Afolami Says Current Government Only has Enough time to Implement Stablecoin, Staking Legislation
Recently, the Conservative party faced a blow as local election results indicated a large swing towards...