Tether being delisted from the EU exchange and stable coins being concentrated in one place (USDC) will have negative consequences for the crypto market and must be diversified. Accordingly, I believe Binance is also busy preparing something. Given the diversity, it is a very reasonable guess that USTC will also be on the table for discussion and will coordinate the timing of normalization (USTC repeg). It seems that it will not be long before we see the valuable results of Binance's long-time support of USTC and LUNC. Additionally, algorithm-based stablecoins can be very easily utilized in the x-payment system.
If these things proceed, it will be the most enormous issue in crypto history and will produce results that no one can imagine. Yes, I strongly believe that will happen.
#LUNC #USTC
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The SEC has begun investigating whether former Jump Crypto CEO Kanav Kariya entered into a secret agreement with Terraform Labsβ Do Kwon during the collapse of the stablecoin TerraUSD, in which Jump would help restore USTβs peg by purchasing the tokens. https://t.co/MqwX5OLmn2