On April 18, 2024, Binance announced the transfer of all assets including USDT, TUSD, $BTC and $BNB in the SAFU insurance fund to 1 billion $USDC .
All Binance assets in the SAFU fund are converted to #USDC✅ to reinforce reliability and stability at $1 billion.
What is happening ? Why stablecoin USDC and not stablecoin USDT that Binance once supported?
Even though everything is transparent and clear, don't ignore this signal from Binance, whether stablecoin USDT is not safe enough, or something bad is about to happen to stablecoin USDT, so Binance should go. 1 step ahead?
Let me know your thoughts below.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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