According to data from CoinGecko, the total market value of the U.S. dollar stablecoin BinanceUSD (BUSD) has fallen below $3 billion. At the time of writing this article, it was about $2.97 billion, and it has shrunk by more than 70% in the past six months.
Binance announced that it will gradually stop supporting BUSD, reminding users to convert BUSD to other stablecoins before February 2024.