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A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg

The company acknowledged to Bloomberg that the process of maintaining the peg "has not always been flawless," but said the problem has now been fixed.

Updated May 9, 2023, 4:05 a.m. Published Jan 10, 2023, 6:19 p.m.
Binance founder and CEO Changpeng Zhao (Antonio Masiello/Getty Images)
Binance founder and CEO Changpeng Zhao (Antonio Masiello/Getty Images)