Binance CEO Changpeng Zhao (CZ) announced that $1 billion of Binance USD (BUSD) assets in the industry recovery fund will be converted into Bitcoin (BTC), Ethereum (ETH) and BNB (BNB).
Binance CEO CZ March 13 Posted on his official social media account on in the shipmentfinancially due to FTX bankruptcy in times of need created for companies with industry recovery fund 1 billion dollars of BUSD Bitcoin, Ethereum And BNB aspect will be converted explained.
your decision stablecoin And banking Stating that it was given considering the latest changes in the sector, CZ said that in this context on-chain on about 1 billion For transparency by stating that a dollar movement will occur transfer address shared with users.
shortly after posting 985 million BUSD’s transfer address transfer While it is seen that the fund address 18.5 thousand assets of dollar value remained. CZ only 15 seconds the ongoing transfer $1.29 He mentioned that he kept the money market and said that such a transfer is a dream when the banks are closed. to the advantages also sent.