Binance’s Chief Strategist (CSO) Patrick Hillman stated that after the exchange evaluated new stablecoin issuers, it received partnership offers from Europe and the Middle East.
In a Forbes article published Feb. Patrick Hillmanby Binance’s Paxos exportation bearing the trade mark of the stock exchange BUSD The stablecoin project of many actors after it announced that it was looking for a new partner after the production of its stablecoin was stopped. partnership for willing stated that. CSO Europe And in the Middle East increasingly interesting opportunities on the subject, emphasizing that detailed information from giving avoided.
Hillman, New York Department of Financial Services (NYDFS), Your decision on BUSD is quite amazing and that this decision that they are not prepared he accepted. The CSO used the following statements in a statement on the subject:
BUSD has always been a solid product in our eyes. We did not know about the subject and did not have time to prepare for it. There are many things we are trying to figure out, how to make payments and deadlines are still a mystery. But ultimately one product that BUSD Paxos has to manage is they have full control over printing and refunds, which makes them responsible.
On the other hand, CSO is BUSD’s your days are numbered also stated that. It will form in people’s minds about the refund of BUSD question marks to use of BUSD directly Stating that it will have an impact, Hillman stated that the use of BUSD over time will fall fast suggested.
CSO, any company from the USA No banking partner There are various ways in which US banking institutions do not work with cryptocurrency companies. being suppressed He claimed.
In the published article, the new stablecoin not dollar based While pointing out the possibility, Binance CEO Changpeng Zhao (CZ) recently on the subject reference was shared. CZ in the related post that the next stablecoin is dollar-based may not be had expressed.