CZ says the Binance recovery fund will be converted from the BUSD stablecoin into “native cryptos” post-SVB failure.
to the transaction hash ID for the BTC and the ETC and said $980 million took 15 seconds to move with a $1.98 transaction fee.
In response to the move by the Binance co-founder the crypto community on Twitter had mixed responses. Some praised the decision calling it “pure gold” and offered a suggestion to use alternative currencies to peg stablecoins:- How about diversifying into stables other than pegged to USD? For now allow major global currencies and maybe integrate with CBDCs to allow seamless integration in the future.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance converting $1 billion in BUSD to bitcoin, ether and BNBBinance CEO Changpeng Zhao announced on Twitter that exchange would convert approximately $1 billion of BUSD to bitcoin, ether and BNB.
Read more »
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other TokensThe BUSD transaction from Binance industry fund took 5 seconds and cost merely $1.29, Binance CEO cz_binance said. By shauryamalwa.
Read more »
Binance Adds BNB/USDC, BTC/USDC & ETH/USDC Trading Pairs | Binance SupportFellow Binancians, Binance will open trading for the BNB/USDC, BTC/USDC and ETH/USDC trading pairs at 2023-03-12 06:30 (UTC) . Start Trading on Binance Spot Now! Notes: Where any discrepancy ari...
Read more »
Binance Delivers $1 Billion Blow to Crypto BearsBinance, one of world's largest cryptocurrency exchanges, has announced conversion of remaining funds from its Industry Recovery Initiative from BUSD stablecoin to native cryptocurrencies like BTC, BNB and ETH
Read more »
Circle’s USDC instability causes domino effect on DAI, USDD stablecoinsOther popular cryptocurrencies, such as Tether (USDT) and Binance USD (BUSD), continue to maintain a 1:1 peg with the US dollar.
Read more »
US trustee appeals NY Judge’s approval of Voyager deal with Binance.USThe Voyager - Binance US deal continues as the DOJ files an appeal against a New York judge's approval. Will regulators let the billion-dollar transaction go through?
Read more »