Binance and Huobi stablecoins surge as Asia seeks fiat alternatives

Asian stablecoins Binance USD (BUSD) and Huobi’s HUSD beat out stablecoin giants Tether (USDT) and Circle (USDC) in average transaction size for Q1, according to a recent report from CoinDesk Research.
Binance BUSD and Huobi’s HUSD ranked first and fourth respectively, outshining their seniors and leaving some onlookers scratching their heads. Is demand for alternatives to legacy finance on the rise in Asia?
Binance and Huobi stablecoins surge as Asia seeks fiat alternatives