What will happen to the BNBChain stablecoin ecosystem after BUSD's exit?
Author: Gary Ma,WuBlockchain WuBlockchain recently published a review of the regulatory assault on BUSD, in which the U.S. Securities and Exchange Commission (SEC) sued Paxos for using BUSD as an entry point for unregistered securities, and the New York State Department of Financial Services instructed Paxos to stop minting new BUSD. CZ also said, “We will adjust our products accordingly. For example, BUSD is no longer used as the primary currency counterpart for transactions “. It can be predicted that BUSD will gradually fade from the stage of stablecoin history. Given that BUSD is the ace stablecoin of BNBChain, what will happen to the stablecoin ecology of BNBChain after BUSD’s exit? Status of BNBChain’s stablecoin ecosystem According to defillama, the total market cap of the stablecoin ecosystem on BNBChain is now over $9 billion, with BUSD having a 53% share and a market cap of about $4.8 billion. This is followed by USDT with a market cap of about $3.2 billion (35%), USDC with...