Binance Covers $283M in Losses After Stablecoin Depeg Chaos!
Following a turbulent market crash, Binace has paid out $283 million to compensate users affected by stable coin depegging, reports Trading View.
Several pegged tokens temporarily lost their value parity, triggering panic across exchanges. Binace’s swift intervention helped stabilize confidence and prevent further contagion in the crypto market. 🛡️
The move highlights Binace’s commitment to user protection even during extreme volatility. With $BTC , $ETH , and $BNB still under pressure, Binace’s response reinforces its role as a stabilizing force in times of market chaos. 💪🌐
