Maybe, but, as it stands, BUSD's market cap can't grow, because no more coins can be minted. Therefore, the market cap either stays the same (unlikely) or shrin

Maybe, but, as it stands, BUSD's market cap can't grow, because no more coins can be minted. Therefore, the market cap either stays the same (unlikely) or shrinks as people redeem their coins for dollars (and then, and this is speculation, crashes when people realize they can't even do that because the reserves are insufficient).