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On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.
Binance, the world's largest cryptocurrency exchange by trading volume, recently shocked the crypto community when it announced that it would cease trading support for a bunch of stablecoins.
Binance, the largest cryptocurrency exchange by trading volume, has announced that it is removing support for three major stablecoins including Circle's USDC, Pax Dollar (USDP), and TrueUSD (TUSD) on all its products.
CEO Jeremy Allaire has addressed the speculations surrounding Binance's delisting of its USDC stablecoin, claiming it to be a good thing. Speculations Around Binance's Decision When Binance announced that it was removing USDC from its spot trading pairs and other offerings, speculations arose about the exchange abandoning the stablecoin.
Binance, issuer of third-biggest stablecoin, announced it will automatically move customers' funds to its Binance USD (BUSD) token from alternatives, including the larger USD Coin (USDC). "The Hash" panel discusses what this means for stablecoin regulation and the competition between BUSD and USDC.
Coinspeaker Circle CEO Not Concerned of Binance's USDC Exit, Calls It Good Thing
A lengthy blog post by the company that created USDT defends the industry
On Monday, the world's largest exchange, Binance, announced that all user' existing funds in USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD) would be
Binance's move to automatically convert USDC and two other stablecoins may lead to more USDC flowing into the exchange, according to the CEO of Circle, which issues the coin. “Binance is trying to consolidate dollar liquidity w cash equivalent stables. That's good for liquidity and market depth,” said Circle CEO Jeremy Allaire on Twitter.
The largest crypto exchange Binance announced that it will be converting stablecoin USD Coin (USDC), Pax Dollar, and True USD into its native stablecoin BUSD. This sparked a debate in the crypto community as many started speculating about the reasons behind this measure.
Binance announced today that it would be dropping support for USDC, one of the most-traded stablecoins on its platform.
Jeremy Allaire explains how Binance's stablecoins changes could help make USDC the standard stablecoin rail between CEXs and DEXs.
Crypto exchange Binance has announced that it will automatically convert user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD) to Binance USD (BUSD) at a 1:1 ratio on September 29th.
#Binance #stablecoin #bitcoin Yahoo Finance's David Hollerith breaks down the latest news in the crypto markets. Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
The world's largest crypto exchange is “consolidating” liquidity around its own stablecoin, BUSD – in a move that could benefit Circle and harm Tether.
The stablecoin wars are heating up, and Circle and Coinbase's USDC could be in for a rough time. As the market shrinks, Binance, the world's largest cryptocurrency exchange, has fired a shot across the bow of the USDC stablecoin.
Binance has cut loose competing stablecoins including USDC, USDP (Paxos), and TUSD (TrueUSD). USDC, issued by Circle is the second largest dollar-based stablecoin after USDT (Tether) and may receive the brunt of the change.
The largest cryptocurrency exchange in the world, Binance has announced that it will auto-convert USDC, USDP, and TUSD to Binance USD.
CNBC's Kate Rooney reports on a major change from Binance.
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The world's largest crypto exchange announced yesterday it would cease trading support for USDC and auto-covert deposits to its own stablecoin after Sept 29.
Binance has announced that it will be removing the USDC stablecoin from the platform's spot trading pairs list, along with two other stablecoins. USDC, USDP, TUSD Delisted The other stablecoins being delisted along with USDC are USDP and TUSD.
Circle CEO Jeremy Allaire said Binance's decision to convert its users' USD Coin (USDC) holdings to its Binance USD (BUSD)stablecoin is good. The post Circle CEO says Binance decision to stop USDC support is good as it increases utility appeared first on CryptoSlate.
Binance has shaken the stablecoin space, announcing it will automatically convert USDC, USDP, and TUSD into its own stablecoin.
