Binance stablecoin BUSD market value exceeds $ 100 million

According to CoinDesk news, on March 10, the market value of Binance USD (BUSD), the stablecoin of Binance, exceeded $ 100 million. BUSD is a new USD-backed stablecoin issued jointly by Paxos and Binance, approved by the New York Department of Financial Services. Despite a 400% monthly increase in BUSD, the market value increased from $ 22 million to $ 115 million,