BUSD Depegged and Fell to $0.20 on Binance After Single $647k Sell Order

Protos | Feb 22, 2023 Liquidity on crypto exchange Binance evaporated on Wednesday morning as its stablecoin, BUSD, dropped to a low of $0.20 against the DAI stablecoin. A single sell order of $647,000 triggered the steep tumble. However, BUSD instantly regained its peg against DAI, as arbitrage traders snapped up the discount and sold

The post BUSD Depegged and Fell to $0.20 on Binance After Single $647k Sell Order first appeared on National Crowdfunding & Fintech Association of Canada.