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Coin Edition
2023-03-12 09:17:00

“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says

“Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says

Changpeng Zhao, the CEO of Binance, the largest crypto exchange, expressed concerns on Twitter today about the safety of stablecoins baked with fiat currencies following the bankruptcy of two prominent banks in the United States. “Banks are a risk to fiat-backed stablecoins,” Zhao tweeted. A Twitter blue subscriber reasoned that Bitcoin and other cryptocurrencies came The post “Banks Are a Risk to Fiat-backed Stablecoins,” Binance CEO Says appeared first on Coin Edition .

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