Binance

Binance, issuer of the third-largest stablecoin, to stop supporting the USDC stablecoin.

– Stablecoins are digital substitutes for the U.S. dollar or other fiat currencies.
– “Stable” comes from the fact that their price is pegged to a conventional currency.
– Each token tied to the dollar, for instance, is always supposed to fetch almost exactly $1.
– The quality of the assets backing a stablecoin can influence how far the price strays.

QSOZR3TMUFBQJE3KRWRLE5Q4VE Binance, issuer of the third-largest stablecoin, to stop supporting the USDC stablecoin.

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