Leading crypto exchange Binance announced it would burn $2 billion worth of idle Binance USD (BUSD) on BNB Chain “later today” on Feb. 22 at 12:07 UTC.

The same amount of BUSD held as a collateral on the Ethereum (ETH) chain will be released after the burn.

The BUSD marketcap recorded a 15% drop and saw its 14-month low at $13.7 billion on Feb. 17. Binance CEO Changpeng Zhao (CZ) noticed the drop and stated that the “landscape is shifting.”

This was four days after the Securities and Exchange Comission (SEC) issued a warning to BUSD issuer Paxos on Feb. 13 and asked them to stop further BUSD creation. Between Feb. 13 and Feb. 17, Binance’s BUSD holdings fell by 16% and dropped to around 12.1 billion tokens.