Thanks for the reply. Compared with tokenized money market funds like BlackRock’s BUIDL, which are backed by short-term Treasuries and repo agreements, crypto delta-neutral arbitrage strategies carry much higher inherent risks — including exchange exposure, ADL events, and execution slippage.
Both models aim for stability, but their underlying risk structures are fundamentally different. ⚖️
That said, I fully respect that Ethena Labs has done an excellent job in both risk management and transparency. 👏
@cz_binance The TCC token on BSC, promoted by the Chinese-speaking community, has many Chinese holders. Despite BSC's slump and its steep price drop, TCC still has over 10,000 holders, showing strong community spirit. If you believe the Chinese - speaking community can revive BSC, watch $TCC