Binance pushes encourage in opposition to symbolize BUSD-peg stablecoin isn’t absolutely backed

Binance pushes encourage in opposition to symbolize BUSD-peg stablecoin isn’t absolutely backed

Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”. In a Jan. 10 blog post, Binance said the basis for the report — which was later amended to clarify the difference between a pegged and backed stablecoin —