News Binance CEO, CZ, announced that due to recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from Binance USD (BUSD) to “native cryptos" such as BTC. The bankruptcy of Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank, three significant crypto-backing institutions, caused the stablecoin USDC to drop from its $1 […] The post...
Mar 13 2023
Binance to convert recovery funds from BUSD to ‘native crypto’
| published by | Joy Dahunsi |
|---|---|
| in blog | Coinscreed |
| original entry | Binance to convert recovery funds from BUSD to ‘native crypto’ |
binance btc busd native crypto
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