Binance ammette le lotte passate con BUSD Peg

• Un portavoce di Binance afferma che la società ha risolto il difetto del sistema e che non vi è stato alcun impatto sulla redenzione per gli utenti.
• Binance è emerso come un probabile obiettivo dei regolatori, essendo la più grande piattaforma crittografica per quota di mercato.

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Crypto exchange Binance confirmed on Tuesday that it previously had a flaw in its system that left the supply of the BUSD stablecoin undercollateralized by at least $1 billion. BUSD is one of Binance’s popular offerings and is allegedly backed one-to-one by the U.S. dollar.

Come da Bloomberg rapporto, the system flaw led BUSD to slip by that huge margin at several points. Binance, however, cited operational delays as the cause of the issue surrounding the de-pegging. A Binance spokesperson claimed the flaw has been resolved and that at “no point were redemptions impacted for users.”

Secondo il portavoce di Binance,

The process of maintaining the peg involves many teams and has not always been flawless, which may have resulted in operational delays in the past. Recently, the process has been much improved with enhanced discrepancy checks to ensure it’s always 1-1 pegged.

New York-based fintech company Paxos oversees the process of BUSD on the Ethereum blockchain, which is completely collateralized by dollars. The BUSD on Binance’s blockchain, Binance Smart Chain, is not subject to the same kind of external, audited firm regulation. Binance says that it maintains full collateralization of its BUSD with Paxos-regulated BUSD to guarantee the authenticity of its BUSD.

Le stablecoin sono progettate per infondere fiducia e stabilità nell'imprevedibile mercato delle criptovalute. I token regolari sono soggetti a modifiche, ma aziende come Binance descrivono le stablecoin come un'alternativa migliore legando il loro valore ad asset stabili come il dollaro.

Binance’s admission comes as the exchange is being heavily criticized by the public for its financial practices. Since FTX declined in November, regulators’ claws have been out for the trading platform. The crypto exchange is arguably the biggest exchange in the world and gained a sizable market share in 2022. Binance’s enormous market share only serves to increase regulators’ interest in it.

Il CEO di Binance Changpeng Zhao ha già avvertito i dipendenti di prepararsi per i mesi difficili a venire, poiché l'exchange è destinato a essere colpito dalle nuove politiche.

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