Weekly Roundup 09/09/22 (Stablecoin wars, White House energy report, Gensler attacks) (EP.347)
On The Brink with Castle Island
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Binance Announces No Support for Us Dollars
Binance has announced that they are no longer going to be supporting us d c, a true us d or pak dollar on their platform. The company will automatically convert those customer funds into finance us d their form of stable coin starting on september 20 ninth. i think if it was a regulated exchange, would be pretty problematic just to a kind of arbitrariy substitute user assets. I mean, stable coins aren't fungible with each other, in my opinion. They are different products.
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