Binance Looks Beyond The Dollar For Stablecoin Replacement
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Binance Explores Alternatives to the Dollar for Stablecoins
Nina Bambysheva, Senior Reporter, Digital Assets, Forbes Staff
Follow Lisbon's 2022 Web Summit on February 18 at 5:00 a.m.
On November 1, 2022, Binance co-founder and CEO Changpeng Zhao will attend the Web Summit in Lisbon, Portugal. (Picture courtesy of Getty Images user Pedro Fiza/NurPhoto) GETTY IMAGES/NURPHOTO
Despite having the seventh-highest cryptocurrency value in the world, Binance is rapidly moving away from its doomed eponymous stablecoin and evaluating alternatives in terms of formats, pegs, and collaborators.
After U.S. regulators have effectively killed the Binance USD (BUSDBUSD -0.1%) coin, several commercial and public organisations have indicated interest in collaborating with the biggest cryptocurrency exchange on