Binance USD Stablecoin BUSD Supply Shrinks by $6 Billion, $50 million USD Coin (USDC) burned at Treasury, TMS Network (TMSN) Looks For $1 Billion Market Cap

The cryptocurrency market has been hit by significant changes in supply and demand for stablecoins, leading to a shift in investor sentiment. This article discusses the impact of recent developments on two popular stablecoins, Binance USD (BUSD) and USD COin (USDC), and introduces a new decentralized exchange, TMS Network (TMSN), which aims to revolutionize trading.

Binance USD (BUSD) Supply Shrinks by 60%

Binance USD (BUSD), the third-largest stablecoin, has seen a reduction in its supply by 60% since the middle of February. This is due to the U.S. Securities and Exchange Commission’s (SEC) action against the issuer of the Binance stablecoin, Paxos. This prompted Binance to announce that it would no longer be minting Binance USD (BUSD). As a result, Binance USD’s (BUSD) market capitalization has slumped from just over $16 billion to around $10 billion, and its market share has declined to 7.3%, from 20% last year.

The outflow of Binance USD (BUSD) could act as a “drag on the financial performance of Binance,” as BUSD is a significant part of the business. This reduction in overall Binance USD (BUSD) volumes may put some strain on the exchange’s revenue, which is generated from transaction fees. Investors should be aware of the impact of the dwindling supply of Binance USD (BUSD) as it could affect Binance’s bottom line and revenue. This may lead to a shift in investor sentiment towards stablecoins that are not affected by regulatory actions, such as Tether (USDT).

Whale Alert Reports Significant Burning of USD Coin (USDC)

According to Whale Alert, 50 million USD Coin (USDC) tokens worth $50,043,042 have been burned at the USDC Treasury. 103 million USD Coin (USDC), valued at $103,001,664, was transferred to Coinbase. The burning of USD Coin (USDC) is significant as it reduces the total supply of the stablecoin, making it scarcer and potentially increasing its value. It is also important to note that USD Coin (USDC) has been less volatile than other cryptocurrencies, with relatively narrow price swings and low readings on the Risk/Reward Gauge. Thus, the token is well-protected from price manipulation, making USD Coin (USDC) an attractive option for investors. Overall, USD Coin (USDC) appears to be well-positioned for future growth, with support at $0.999191456822419 and resistance at $1, providing room for the token to appreciate in value.

TMS Network (TMSN): Targeting to Become the Default Trading Platform

TMS Network (TMSN) is a decentralized exchange (DEX) that allows users to trade in equities, forex, crypto, and CFDs. TMS Network (TMSN) will enable users to purchase any asset using cryptocurrencies. The permissionless ecosystem will allow users to execute instantaneous transactions at negligible fees, due to the automated market maker that provides liquidity.

TMS Network (TMSN) will use realtime trade data to help traders make informed decisions by providing them with advanced tools and resources inspired by MetaTrader 5. Furthermore, developers can access smart contracts and De-Fi services to build robust and powerful dApps for TMS Network (TMSN) users.

The founders of TMS Network (TMSN) aim to make it the default trading platform for traders on stock markets and crypto markets. They expect this strategy to help TMS Network (TMSN) enter the exclusive club of cryptos with market caps of over $1 billion within the year. Currently, TMS Network (TMSN) tokens are available to the public at $0.025, and the platform has successfully completed the presale stage 1 early.


The recent developments in the cryptocurrency market have created uncertainty with the decrease in supply of Binance USD (BUSD) due to regulatory action, having a collateral impact on burning of USD Coin (USDC). Meanwhile, TMS Network (TMSN) offers a new decentralized platform for traders, with the potential to become a leading player in the cryptocurrency space.

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