Binance CEO Changpeng Zhao appears to have made good on his word to diversify Binance’s stablecoin holdings after recent regulatory crackdowns on BUSD — minting $50 million in TUSD.
over the short term — in expectation that BUSD “winds down over time” — he added that they’re now looking to explore more into Euro and Japanese Yen-based stablecoins.
Interestingly, the Binance CEO added that he was never too bullish on the success of the Binance-branded BUSD stablecoin anyway:
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