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CryptoCoin.News
2023-01-12 09:26:05

Binance Admits Past BUSD Stablecoin Flaws And Depreciates More Than Thought

Binance Admits Past BUSD Stablecoin Flaws And Depreciates More Than Thought

Key highlights: Binance acknowledged that its stablecoin BUSD had experienced under-collateralization and de-peg issues. According to Bloomberg’s report released this week, more than $1 billion in collateral was lost at different times due to early problems in BUSD. The stablecoin BUSD, developed in collaboration with the Paxos Trust, has lost its peg to $1 several The post Binance Admits Past BUSD Stablecoin Flaws And Depreciates More Than Thought appeared first on CryptoCoin.News .

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