Data: $BUSD Worth $6.2 Billion Withdrawn from Exchanges in 30 Days

In the last 30 days, $6.2 billion worth of $BUSD was withdrawn from exchanges, according to Glassnode data.

$BUSD’s market cap declined by over 15% following a surge in withdrawals on the exchange. Crypto investors massively converted their $BUSD holdings into other stablecoins like $USDC and $USDT.