Binance, Issuer of 3rd Biggest Stablecoin, to Stop Supporting Larger Rival USDC (coindesk.com)

5 comments

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Binance owns the crypto market. They are effectively the "central bank" of crypto.

Continue to play at your own risk but it's their game now to manipulate as they choose --- and this is just the latest proof.

OrangeMonkey 3y ago ↗

There is continued concern that USDT is still being used to manipulate the crypto space. Seems a valid concern.

jqpabc123 3y ago ↗

If it can happen, it will happen. And in this case, there is nothing to stop it --- so I'd say it is a near certainty.

What would you do in their position?

terrio 3y ago ↗

I just read in the article how much stable coins there is.

Why would I buy a stable coin if this literally just creates money out of thin air and me trusting some company that they just lend money to me for free?

We do two things which are normally a sign of economic loss.

aaaaaaaaata 3y ago ↗

> Why would I buy a stable coin if this literally just creates money out of thin air and me trusting some company that they just lend money to me for free?

You are in for quite a shock.