Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC

https://www.coindesk.com/business/2022/09/05/binance-to-convert-users-usdc-usdp-tusd-into-its-own-stablecoin-busd/

by donsupreme • 4 years ago

6 5 4 years ago

jqpabc1232• 4 years ago

Binance owns the crypto market. They are effectively the "central bank" of crypto.

Continue to play at your own risk but it's their game now to manipulate as they choose --- and this is just the latest proof.

OrangeMonkey• 4 years ago

There is continued concern that USDT is still being used to manipulate the crypto space. Seems a valid concern.

jqpabc1232• 4 years ago

If it can happen, it will happen. And in this case, there is nothing to stop it --- so I'd say it is a near certainty.

What would you do in their position?

terrio• 4 years ago

I just read in the article how much stable coins there is.

Why would I buy a stable coin if this literally just creates money out of thin air and me trusting some company that they just lend money to me for free?

We do two things which are normally a sign of economic loss.

aaaaaaaaata• 4 years ago

Why would I buy a stable coin if this literally just creates money out of thin air and me trusting some company that they just lend money to me for free?

You are in for quite a shock.

Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC

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