According to coingecko data, the market value of BUSD has dropped significantly this week, from $22 billion to about $18.4 billion, a decrease of about $3.6 billion, or 16.4%.
However, BUSD is still one of the mainstream stablecoins, and its market share has increased from about 10% at the beginning of the year to about 16% currently.
In terms of other stablecoins, Tether has maintained a relatively stable market share of 45% to 50%, with a current market capitalization of approximately $66.19 billion. USDC’s dominance has dropped to 31.3% after peaking at 38% in June, and it now has a market capitalization of around $44.99 billion.