January 10, 2023
Binance’s stablecoin was reportedly undercollateralized at times during 2020 and 2021. Bloomberg reported Tuesday (Jan. 10) that the Binance-Peg BUSD reserves were at three separate times missing collateral of as much as $1 billion. The cryptocurrency exchange’s token is meant to have its value backed by reserves of another stablecoin, BUSD, that has the Binance […]
