menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Binance Ve...
source image

Cryptoninjas

7d

read

266

img
dot

Image Credit: Cryptoninjas

Binance Verifies FDUSD Reserves Are Complete Following a Temporary De-Pegging Event

  • FDUSD, a stablecoin listed on Binance, temporarily de-pegged from the U.S. dollar before stabilizing.
  • Binance has verified that FDUSD reserves are fully backed and the de-peg was due to liquidity movements.
  • The incident highlights issues with stablecoins' liquidity depth and investor trust.
  • Binance assures users that their funds are safe and measures are being implemented to prevent future instability.

Read Full Article

like

16 Likes

For uninterrupted reading, download the app