Almost 94% of the Total Supply of Binance BUSD Held in Just Four Wallets
While Binance is pushing for higher adoption and dominance of its stablecoin, it will be crucial to see how the exchange addresses hyper-centralization issues. A few days ago, the world’s largest crypto exchange by market volumes, Binance, made an announcement about releasing an auto-convert feature for USD Coin (USDC) and other stablecoins with Binance USD (BUSD). The last few months saw several stablecoins become unstable amid high market volatility and the larger market’s bearish blues. However, Binance’s stablecoin, Binance USD (BUSD), has remained afloat, keeping its $1 peg alive, despite market pressure.
Source
https://t.me/Kucoin_Coins_Token
