.cz_binance calls $USDT a 'black box,' here's why
At the same time, a small unit in Binance's team is actively exploring the instruments of algorithmic stablecoins of the new generation, he admitted.
Also, CZ recalled the initiative of Hong Kong-regulated USD-pegged stablecoin FDUSD, one of the first fully regulated digital currencies pegged to a fiat asset.However, Binance's CZ admitted that he cannot rely on this or that stablecoin entirely. As such, working with a variety of stablecoins of different types remains the only way to eliminate the necessity for a"single bet" and helps in mitigating risks for users and businesses.We're taking multiple bets on multiple fronts.
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