Weekly Roundup 09/09/22 (Stablecoin wars, White House energy report, Gensler attacks) (EP.347)
On The Brink with Castle Island
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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