BINANCE HAS ALSO MADE A REPLACEMENT FOR BUSD WITH USDT AND TUSD
So some days ago if you have checked out my post where i talked about the crypto exchange (Coinbase) that has talked about the suspended for trading of certain stable coin which is the binance USD, now writing today and checking some news online because one have to be updated about what is going on in the crypto world, it has been made known to traders by binance that there have been a replacement for the stablecoin and guess the new trading means which was set in place for BUSD, it has suspended BUSD which was in the safu fund (Secure Assest Fund for Users) then made a proper replacement with the TUSD and USDT.
Source
I know most might have been wondering about this SAFU, and its function, Safu is established to always protect the fund of its users since it is an emergency insurance fund
I know that we know USDT which is a stable coin, the first time which i traded was through USDT then, and what brought about the replacement of the stable coin on binance also which was due to Paxis which has stopped the minting of new BUSD which has caused the failure of the asset's capitalization of the market.
Binance also has made it known to the public and gave assurance that those changes which has been made wont stop the support of BUSD despite been suspended. The crypto exchange has minted a lot of the other stable coin that has been replaced for the former one, it has minted over $51 million worth of one of the new replaced.
Posted Using LeoFinance Beta
https://twitter.com/950235721591328769/status/1637319172311875584
The rewards earned on this comment will go directly to the people( @mayorkeys ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Yay! 🤗
Your content has been boosted with Ecency Points, by @mayorkeys.
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
I think this can be considered as a good news ??
Congratulations @mayorkeys! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out our last posts:
Support the HiveBuzz project. Vote for our proposal!