Binance USD Stablecoin Sees $2 Billion Drop in a Month Amid Token Mismanagement

The total market capitalization of stablecoins fell for the 10th consecutive month in January, to $137 billion, according to a report by research group CryptoCompare. Stablecoin dominance in the broad cryptocurrency market has fallen to 12.4% from an all-time high of 16.5% in December, indicating that traders were shifting from stablecoins to riskier assets, according to CryptoCompare.