BUSD
Circle co-founder says converged dollar books on Binance would be good for USDC
According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is “a good thing” for USDC. “This move would lead to a gradual net share shift from USDT to BUSD and USDC,” said Allaire. The day before, Binance announced it would cease trading support for USDC and auto-convert deposits after Sept. 29 to a consolidated Binance USD balance comprising other stablecoins pegged to the U.S. dollar. Users will be able to withdraw individual constituents from the consolidated balance at par value. Some users pointed out that it’s now possible to deposit and withdraw USDC seamlessly in Binance. Before the change, it was required to first conve...
