Binance CEO Responds to USDC Outflows: Feel Free to Withdraw Any Other Stablecoin

Binance's survival remains a mystery to the crypto community, despite the prolonged crypto winter, the global rise in the cost of goods and services, and crypto firms struggling to keep their heads above water.


Binance's attempt to improve the transparency of its reserves has recently sparked concern in the crypto industry, with many crypto influencers and some analysts spreading FUD, most likely to instill fear in the industry for personal gain.

According to Nansen researcher Sandra Leow, approximately $1.6 billion has been withdrawn from the CZ's cryptocurrency exchange in the last 24 hours.


Source: https://mycryptoparadise.com/feel-free-to-withdrawal-any-other-stablecoin-binance-ceo-responds-to-usdc-outflows/