AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Binance Wallets - The Proof of Reserves and Corporate Funds
USDC shows up on the proof of reserves again. And there are no customer liabilities in USDC, which means all the USDC they have on hand is corporate funds. Which suggests Binance has far more liquid unencumbered cash in the banking system than I initially expected.