Why Rivals Are Praising Binance’s Controversial Move

Published on
September 7th, 2022
37 minutes

Why Rivals Are Praising Binance’s Controversial Move

Crypto Daily Briefing ·
Featuring Robin Schmidt, Ash Bennington and Nicolas Brugge

Published on: September 7th, 2022 • Duration: 37 minutes

On the surface, Binance's decision to auto-convert several rival stablecoins into its own BUSD at the end of September has generated a lot of heat. But there may be more to it than meets the eye: The CEO of Circle – the issuer of USDC – says it could be good for his stablecoin. That’s the lead story for today’s Crypto Daily Briefing, as Nico Brugge and Ash Bennington dissect what the conversion of select stablecoins on its exchange means for Binance and the broader market. Nico and Ash also talk about Terra's attempt to at least partially reimburse holders of Luna and UST, a surge in registrations and sales of Ethereum domains, and the successful launch of the y00ts NFT collection. And they go deep into the Ethereum Merge and crypto regulation with The Defiant's Robin Schmidt. As always, we want to hear from you – please share your questions in the chat!