Circle marks a possible $3B loss from Binance stablecoin conversions

Dato · 11-16-2022, 10:01 AM

Circle marks a possible $3B loss from Binance stablecoin conversions

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvY2FiZmQwY2EtZTJjYS00MGM3LWFkMTctNTE3M2EzNjdkODAwLmpwZw==.jpg"></p><p>Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.</p>

https://cointelegraph.com/news/circle-ma...onversions

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