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BNB gets Binance’s nod for safety amid ‘unstablecoins’ frenzy- Here’s how
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Binance CEO Changpeng Zhao announced on 13 March that the exchange would stop keeping the rest of the $1 billion recovery fund in stablecoin.
CZ, as he is popularly called, confirmed that the fund had been kept in BUSD . But the ill-fated events that befell stablecoins recently have made it necessary to convert to crypto-native Binance Coin [BNB] , Ethereum [ETH] , and Bitcoin [BTC] .
<p lang=«en» dir=«ltr» xml:lang=«en»>Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency.— CZ
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