TechFlow News — Circle co-founder and CEO Jeremy Allaire cited the view of Wintermute founder @EvgenyGaevoy on Twitter, stating: "Binance's new stablecoin measures are positive for USDC, adding new use cases for it."
Previously, Binance announced that users' balances in stablecoins such as USDC would be fully converted into BUSD. @EvgenyGaevoy argued that removing most stablecoins is beneficial, as liquidity no longer needs to be split across multiple stablecoins, making market makers' jobs easier and improving overall market liquidity. This is favorable for stablecoins like USDC, as users can still seamlessly deposit and withdraw USDC from Binance.Source link
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