In the last three weeks, the market cap of Binance USD (BUSD) has reportedly continued to experience a sharp decline for the first time since 2021. According to monitoring from Coinmarketcap, the capitalization of BUSD fell in the range of 6.4 billion US dollars during the close of trading on Friday afternoon (3/3/2022). This number is inversely proportional to the total market capitalization on November 15 last year. At that time BUSD had touched its highest figure, which was around 23.49 billion US dollars. This decline occurred after the crypto market was rocked by negative issues related to the fraud scandal perpetrated by former FTX CEO Sam Bankman-Fried. As a result of these problems, most of the crypto industry was dragged down, including BUSD. These conditions were further exacerbated when the United States regulator (SEC) filed a lawsuit against the issuer of the BUSD stablecoin Paxos, alleging violations of investor protection laws. As a result of this lawsuit, BUSD experienced massive withdrawals or rush money, including one anonymous account that withdrew 57.8 million US dollars worth of BUSD coins after the SEC sued Paxos. After the rush money action, Binance reportedly lost more than 40 percent, quoted from Cointelegraph. Even though currently the BUSD market capitalization has slowly recovered by rising to around 8.7 billion US dollars in trading on Sunday (5/3/2023). However, this has not been able to fully restore investor confidence, even during the last few days a number of crypto exchange platforms announced plans to remove and freeze BUSD coins from token listings. Like Coinbase, which removed BUSD from trading because this stablecoin was deemed to no longer meet Coinbase's listing standards. Following Coinbase's move, crypto trading platform Aave is known to be considering freezing the BUSD proposal. #investors #intraday #investing #fundamentalanalysis #stake #markets #liquidity #nasdaq #COPYTRADE# forex #portfolio #trading #capital #stocks #margin