$2.8 Billion Stablecoin Just Took Over Binance Collateral! š
Binance is executing a massive stablecoin overhaul, officially positioning USD1 as the central component of its new collateral framework. They are converting ALL Binance-Peg BUSD (B-Token) collateral into USD1 at a 1:1 ratio this week. This isn't just a swap; it's a foundational shift backed by serious institutional money. $2.8 billion USD1 is already circulating, including a massive $2Z billion investment into Binance from the Abu Dhabi fund MGX. Expect new trading dominance as USD1 pairs launch for major assets like $BNB, $ETH, and $SOL. The era of USD1 is starting now.
Disclaimer: Not financial advice. Always DYOR.
#Binance #Stablecoin #CryptoNews #BNB #Collateral
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BNBUSDT
Perp
889.87
+2.40%
ETHUSDT
Perp
3,242.51
+1.57%
SOLUSDT
Perp
136.89
+5.61%
