Changpeng Zhao: “Crypto industry will move away from stablecoins pegged to the US dollar”
Binance CEO Changpeng Zhao believes that due to the recent nitpicking of US regulators on BUSD, the industry may switch to stablecoins pegged to other fiat currencies. Speaking at the Twitter Spaces event, Changpeng Zhao reasoned that most people still make payments and settlements in fiat currencies, so they measure the return on their investments in dollars. In this regard, dollar-backed stablecoins are essential. However, due to the recent demand from the New York State…
