Binance USD market cap falls below $10B amid rising regulatory concerns

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Binance USD market cap falls below $10B amid rising regulatory concerns
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Binance USD (BUSD) has fallen below $10 billion for the first time in over 20 months.

by the United States Securities Exchange Commission on Feb. 12 over a possible violation of investor protection laws. Since then SEC, $6.65 billion has been shaved off BUSD’s market cap.on Feb. 12 too, which is likely to have contributed to the stablecoin’s market cap fall.announced it will be delisting BUSD from its exchange on Mar. 13 because the stablecoin “no longer met our listing standards,” a Coinbase spokesman told Cointelegraph.

The wider crypto market has also seen a fall in market cap, with many pointing to the recent controversy surrounding

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