Post by: newshunter on November 17, 2022, 01:03:11 AM
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
Source: Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions (https://cointelegraph.com/news/circle-marks-a-possible-3b-loss-from-binance-stablecoin-conversions)
Would appreciate your opinion about this