Binance acknowledged that the exchange’s BUSD stablecoin is not always fully backed by reserves. However, the official claimed that this issue has been resolved, as stated in a report by Bloomberg. Here are the details. Citing analysis by Jonathan Reiter of blockchain analysis firm ChainArgos, Bloomberg reported that BUSD was under-collateralized from time to time in 2020 and 2021. A Binance spokesperson told Bloomberg: […]
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