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I am… fairly well versed in this area. This is a nonsense take because: - USDC is on eth, BSC chain halts impact USDC is like saying apple halted because andro
by dogman144 4y ago
I am… fairly well versed in this area. This is a nonsense take because:
- USDC is on eth, BSC chain halts impact USDC is like saying apple halted because android updated. Did not see anything to indicate it was USDC on BSC, but if so that changes things. If they did USDC -> BUSD, still should have 0 impact on w/ds off-platform.
- managing liquidity reqs via silvergate or w/e the USDC w/d bank is called is managed just fine without USDC down time by plenty of other parties conducting USDC treasury operations.
At best, this indicates binance has really bad treasury management and is cause for concern. At worse, smoke -> fire. Anything to do with internal treasury ops (fair enough, do a pause) does not have cascading effects on user w/ds