CZ LAUGHING AWAY AT ALL OF THIS!
You already know this, even with two days delay for me to find time to write this news that anyone who is a binance customer like me will enjoy reading it (the problem is not using exchanges, the problem is leaving all your capital there !) And then we come to the feat of the mighty boss CZ!
Binance CEO Changpang Zhao made a significant response to the issue surrounding the stablecoin USDC by converting 1 billion busd into bitcoin, ethereum and bnb. With several stablecoins dropping to parity with the dollar, I imagine that much more than helping the crypto market, he is guaranteeing the future of binance since paxos is prohibited from minting new BUSD, he is not in the mood to pay to see what this will lead to .
He even commented that the rate was almost free at a time when the banks were still closed, in fact he showed us once again the power of cryptocurrency networks converting 1 billion dollars (Busd) without having to give satisfaction to anyone, we would never be able to do this through a traditional bank
And to complete the CZ still took a pinprick at the FED (remembering that a little while ago the FED said that the binance would end up equal to FTX)
check out this retweet he posted on his main account 👇
I believe that CZ was always waiting for the right moment to say what he said and do what he did.
Although many think he was right to withdraw USDC from his exchange a few months ago, we have already seen that the stablecoin has recovered and its parity 1 - 1 is now normal (thanks to a money printer, and who will pay that bill?)
But what about vitalik who made good money with all this... But that's a subject for another text!
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