| |

Dai Turns Around BUSD to Become 3rd Largest Stablecoin as Binance Faces Increasing Legal and Regulatory Headaches

A rival Binance USD (BUSD) flipped the dollar-pegged asset to become the world’s third-largest stablecoin. New data reveals that Dai (DAI), the stablecoin issued by MakerDAO, has outperformed BUSD as Binance, the world’s largest cryptocurrency exchange by volume, faces mounting legal troubles and regulatory setbacks. At the time of writing, the market capitalization of DAI…