Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement

Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders

The overall market capitalization of stablecoins fell for a 10th consecutive month in January, to $137 billion, according to a report by research group CryptoCompare. Stablecoin dominance within the broad cryptocurrency market dropped to 12.4% from its all-time high of 16.5% in December, suggesting traders have been rotating from stablecoins into riskier assets, CryptoCompare said.

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