Binance Replaced BinanceUSD Safe Asset Fund with USDT and TUSD
The largest cryptocurrency exchange transferred its own Binance USD (BUSD) stablecoins, which were stored in the User Asset Protection Fund (SAFU), to the tokens of competitors TruUSD (TUSD) and Tether (USDT). The decision came shortly after partner project Paxos announced last month that it would no longer issue new BUSD. “Such an exchange is necessary so that the assets in SAFU continue to protect users in the long term. The market capitalization of BUSD continues…
