BUSD Drives 19% Slump in Stablecoin Transfer Volumes

Stablecoin transfer volumes have dipped in the past week, declining 19.2% in the seven days to Sunday. The data, from Dune, reveals that BUSD has led the fall in volume. BUSD Transaction Volumes Slide The slump was propelled by a major slowdown in the use of Binance’s BUSD, which was down by 353.3% over the course of the week. This represents just the latest decline in the stablecoin’s general downward trajectory in recent months. Beside transaction volume, BUSD’s market cap has also been falling. On April 15, it dropped below $7 billion, marking the lowest amount of BUSD in circulation