While the market capitalisation of Tether (USDT) has increased by more than $2 billion in the past week, the CEO of Binance announced that the market capitalisation of BUSD has declined by $2.45 billion.Earlier today, Changpeng Zhao, CEO of leading crypto exchange Binance, tweeted that the BUSD market capitalisation has dropped from $16.1 billion to $13.7 billion. Changpeng Zhao also stated that the main reason for the depreciation of BUSD was that most people moved their assets to USDT. Stating that BUSD is not issued by Binance, CZ announced that the market value of USDT increased by $ 2.37 billion, from $ 67.8 billion to $ 70.1 billion.Stablecoins such as USDT and BUSD are used in transfers from crypto to crypto and from crypto to traditional asset exchanges. Among the stablecoins, Tether and USD Coin are at the top, while Binance USD is in third place.Coinmarketcap reported that the significant increase in the amount of money held in Tether was influenced by the measure imposed on Paxos Trust Company, the company behind Binance USD, by the New York Department of Financial Services on Monday. The US Securities and Exchange Commission, on the other hand, reported that Paxos should register the New York-based company’s stablecoin product as a security. The press release also noted that the Ministry is closely monitoring Paxos to ensure that it can make redemptions on time by adhering to stricter, risk-based compliance requirements.