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Starting September 29th, Binance will convert all investments made with USDC, USDP, and TUSD to its stablecoin BUSD. Binance, the largest crypto exchange in terms of daily trading volumes, has dropped a bomb…
MakerDAO co-founder Rune Christensen plans to sell up to $3.5 billion in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. DAI is 32% backed…
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC within, worth $3.5 billion, could be used to buy ETH instead. Yet despite…