3 ms·

Pretty sure Binance is now BUSD for all deposits, their own USD token

• ur-whale 6y ago
  >BUSD for all deposits, their own USD token Which, goes without saying, is fully backed by USD reserves and properly audited ?
  • PeterisP 6y ago
    Kind of, see the monthly attestations at https://www.paxos.com/attestations/ https://www.paxos.com/attestations/ . It's significantly better than USDT, but IMHO not fully at a level where you can say "properly audited" without any caveats.
  • dustymcp 6y ago
    Atleast until the inevatible hack
    • ur-whale 6y ago
      >Atleast until the inevatible hack LOL, yeah, I always forget about this one. This, btw, is also something that makes crypto "different": the exchange can always pretend it wasn't a scam and blame it on a hack.