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/biz/ - Business & Finance

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54031976 No.54031976 [Reply] [Original]

binance enabling usdt/usdc spot

it's over

>> No.54031999

>>54031976
Mad Chad

>> No.54032049

>>54031976
My immediate inclination is to doubt this is real, but I also know the chink has no fucking shame.

>> No.54032064

>>54031976
Fucking lol. Perhaps it truly is over

>> No.54032086

so they're adding it back? there used to be a usdc/usdt pair before

>> No.54032095

>>54031976
Kek knew this was going to happen
CZ wants blood again

>> No.54032118

its because BUSD got rekt, thats why he had to add circle back. circle has powerful forces backing it and everybody thinking it legit gets attacked by the SEC is wrong.

>> No.54032129
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54032129

94skin

>> No.54032172
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54032172

>>54031976
SHOULDN'T HAVE FUCKED WITH BUSD

>> No.54032181

>>54031976
LMFAO based

>> No.54032278
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54032278

>>54031976

>> No.54032282
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54032282

Yeah nigger, i got that Lunc/ USTC

>> No.54032312

What does this mean, USDC will pump or what

>> No.54032374

>>54032312
it will create a lot of volume on his exchange and that means fees and he lives of fees. but also binance had to readd circle anyway because busd got rekt by the sec

>> No.54032379 [DELETED] 

>>54032312
No.
CZ never loses.
If anything else crashes, he still has BUSD and USTC as backup plan. Also remember he basically controls lunc and he wants to pump that shit at some point

>> No.54032390

>>54032374
iirc there's no fees on stablecoin to stablecoin pairs

>> No.54032394

>>54032312
It means that the market is being drained of liquidity. Crypto has been effectively debanked and the banks that haven't abandoned it are going under.

>> No.54033446

>>54032172
https://www.youtube.com/watch?v=DelF6zEHXpE

>> No.54033463

>>54032374
i can't see usdc when i look on binance now

>> No.54033492

if this wasn't destroying my country's economic livelihood it would be kinda based desu but holy shit this dude game of thrones'd all his american competitors

the boomers might unironically go to war over this

>> No.54033542
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54033542

>>54032312
it seems like it's probably going to be fine
https://cryptopotato.com/usdc-tumbles-to-0-93-as-circle-reveals-3-3-billion-held-at-svb-tether-and-binance-not-exposed/

>> No.54033626

>>54033542
>reserves are 0.1% higher than debt
>5% their reserves just got locked up
>reserves are now 4.9% lower than debt

>> No.54033722

>>54032394
How does that have anything to do with liquidity?

>> No.54033730

>>54033626
yeah what I meant was I thought it was going to be a lot more than that and that's why I thought people were panicing. Coinbase has a lot of money though, a few months ago they had $33bn reserves, so I'm guessing that worst case they'll just shift some money around
https://dailyhodl.com/2022/11/24/coinbase-reveals-reserves-of-2000000-btc-worth-over-33000000000/