Binance according to some people I've talked to made more money with BUSD than the entire rest of their spot trading. It's impossible to replace that without a raging bull market, and unfettered access to DeFi without regulations. This company is fucking toast. They'll separate from the .US, .UK, etc, and become a rogue "international" exchange levering a colonizer's playbook on the 3rd world. Think Le Chiffre from Casino Royale. Basically, the only way they survive is if China backs a stablecoin with their yuan and real-estate debt. Even then. Fuck Binance. CZ is a terrible spokesperson for "crypto", but cults of personality are all the rage.
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CZ сделает немыслемое... отменить $ на бирже и все. цена станет выше и это будет выгодно продать там за юань чем купить за доллар... они молодци... фонда не может такое предложить из-за своей центролизации.)))
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The whole idea of stablecoins started with Bitfinex the so called "hack" that never existed. It was a fucking scam to fool all their users back then, years ago. That's how Tether became famous. Watch this:
Anything that is built around stablecoins it will go to the trash bin soon. Anybody that supports any stablecoin is a fucking enemy of Bitcoin. Stablecoins are actually fiat money in disguise, aka SHITCOINS.
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