The market value of BUSD fell below $5 billion, shrinking by 50%

According to the latest data from CoinGecko, the market capitalization of Binance USD (BUSD), the US dollar stablecoin issued by Paxos, has fallen below the $5 billion mark, reaching $4,990,902,406 as of press time.
Historical data shows that the market value of BUSD has shrunk by 50% in about three months: the market value of BUSD fell below $10 billion on March 3, 2023, below $9 billion on March 5, and below $10 billion on March 27. 8 billion US dollars, fell below 7 billion US dollars on April 11, and fell below 6 billion US dollars on May 10.