The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses Insights Stablecoins
The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses
BUSD and FTT: A tale of two tokens with strikingly similar wealth distributions — concentrated in the top 1%.
Quick Take
- The top 1% of addresses hold roughly 99% of the total supply of BUSD.
- A similar pattern occurred with the FTT token that was issued by FTX, where the top 1% holds 99% of the supply.
- Recent scrutiny comes after CFTC filing a lawsuit against Binance.
- Roughly $14 billion of BUSD has left exchanges since November 2022 — leading to BUSD trading volume dropping to the lowest it has been in eight months.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
BUSD is a stablecoin issued by Paxos in partnership with Binance..