3 ms·
They treat all the big stablecoins as the same (you own "dollars" and you can withdraw using any stablecoin you like). So logically there isn't a a defined amou
by redox99 4y ago
They treat all the big stablecoins as the same (you own "dollars" and you can withdraw using any stablecoin you like). So logically there isn't a a defined amount of USDC they should have.
- senttoschool 4y agoThey shouldn't treat stablecoins the same. Any one of them can collapse to $0. And why do they have to even swap what the customer deposited? Doing something they wouldn't want to tell customers?
- LatteLazy 4y agoWhether they should or not doesn't really matter, they do and they're quite up front about it. If you use Binance you know what you signed up for. There is no dishonesty there. The advantage here is that it significantly improves liquidity. Instead of having (at least) three different markets (one each for BUSD USDT and USDC) you just have 1...