The world's largest crypto exchange by trading volume will covert BUSD to Bitcoin, Ether, and other tokens using its Industry Recovery Initiative funds
Binance, one of the world’s largest crypto exchanges, is converting $1 billion in the stablecoin Binance USD, or BUSD, into bitcoin, Ether and other cryptocurrencies, said Binance CEO Changpeng Zhao, in a tweet posted Monday morning.
The... Binance, one of the world’s largest crypto exchanges, is converting $1 billion in the stablecoin Binance USD, or BUSD, into bitcoin, Ether and other cryptocurrencies, said Binance CEO Changpeng Zhao, in a tweet posted Monday morning. The crypto exchange launched its Industry Recovery Initiative in November after FTX, another crypto exchange, filed for bankruptcy. The goal was to help projects that “are otherwise strong but in a liquidity crisis,” Zhao had tweeted in November.
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