BUSD Targeted by Regulators at Lowest Activity Level in Two Years

Binance USD (BUSD), which was discontinued by stablecoin issuer Paxos, fell to its lowest level in two years in terms of sender and receiver addresses.

On-chain analytics platform glassnode On May 3, he posted on his official social media account. in the shipmentBUSD area the average of the addresses 24,200 pointed to the lowest levels of the last two years. If the platform is BUSD sending addresses 23,179 with the lowest level in the last two years. 23,190He underlined that he left behind.

In addition, the platform BUSD 7 days transfer average of 30,006 He pointed out that it has fallen to the lowest levels of the last two years.

On the other hand, according to the data BUSD median trading volume, on a 7-day average basis 1.2 thousand end with dollars 1 month high reached its value. Former -most high value, on April 26 992 as dollar was recorded.

Last February, Paxos from the New York Department of Financial Services (NYDFS) in line with the decision from BUSD with the termination of your stablecoin market value quickly drop was starting to show. US Federal Reserve (FED), US Securities and Exchange Commission (SEC) And NYDFS by aim market value of the stablecoin received, all of the times highest worthwhile 23.3 billion from dollars 6.1 billion down to the dollar 73% drop showed.


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