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Binance stops supporting rival stablecoins, like USDC

by crypetonews
September 6, 2022
in Videos
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CNBC’s Kate Rooney reports on a major change from Binance. For access to live and exclusive video from CNBC subscribe to CNBC PRO: 

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Tags: Binancebinance newsbitcoin newsbitcoin news todaybitcoin prediction for todaycrypto analysiscrypto news todaycrypto price predictioncrypto scamsethereum newslatest metaverse newslatest nft projectsmetaverse newsnft news todayRivalstablecoinsstopssupportingUSDC
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Comments 28

  1. Sori Pop says:
    9 months ago

    Stop with spreading missinformation.

    Reply
  2. Nathan Smith says:
    9 months ago

    Isn't Bitfinex the exchange partner for tether?

    Reply
  3. Joe West says:
    9 months ago

    Ngl, Binance should probably be slapped for anticompetitive activity for this.

    Reply
  4. Forgiveness or Love says:
    9 months ago

    Kate Rooney doesn't know what she is talking about. It's all about reading off the teleprompter…

    Reply
  5. Jaime Yamaguchi says:
    9 months ago

    So much drama with these crapcoins. 😂

    Reply
  6. Text 📥SPLINTHACK on Instagram. says:
    9 months ago

    I can't imagine how my life would have Been without your help thank you for your amazing help in recovering my money back

    Reply
  7. Text 📥SPLINTHACK on Instagram. says:
    9 months ago

    I can't imagine how my life would have Been without your help thank you for your amazing help in recovering my money back

    Reply
  8. Dominus Devacore says:
    9 months ago

    Sounds like a liquidity problem to me.

    Reply
  9. Za Warudo says:
    9 months ago

    This is a huge blow to the reputation of USDC which seemed to be having a pretty bad time lately. By making USD Coin a pariah there is no doubt that all this was planned in advance and recent Circle actions to freeze addresses only aggravated the situation. Looks like now USDC can be crossed off the list of decent stable coins.

    Reply
  10. Matthew Smith says:
    9 months ago

    I think that in the future this will not apply to usdt. I would not give up tether if I were Binance, because there is a risk of losing users.

    Reply
  11. Anna Smith says:
    9 months ago

    I think Binance made the right decision in relation to the USDC. This stable coin has long been a cause for concern due to the lack of sufficient collateral.

    Reply
  12. Michelle👉Youngcyberghost1 via telegram says:
    9 months ago

    I would never get tired of saying thanks to above 🔝🔝🔝because he never get tired of feeding me and my family with the weekly coin programmer

    Reply
  13. Todd Carpenter says:
    9 months ago

    On the one hand CZ policy is disgusting and I don't approve of what he is doing lately, but on the other hand I understand his worries about USDC that has become extremely unreliable crypto and can depeg at any moment.

    Reply
  14. Muhamad🔛Youngcyberghost1🔛 on telegram says:
    9 months ago

    I really appreciate you very much for your
    wonderful feedback we're happy that we are
    benefiting from your Service / program we promise
    and keep it that we shall recommend more people to
    you sir and we promise never to relent in buying your
    real working softwares & investing more money thank
    you for saving me from a lot of debt you are the best
    when it come to legitimate and trusted working
    bitcoin generating software that truly earn bc I believe
    you will be rewarded soon with your great job.

    Reply
  15. Brett Ferguson says:
    9 months ago

    Good thing what CZ did. Protecting its user base from a unreliable stablecoin like USDC. If they continued on using USDC which has a risk from depegging anytime soon.

    Reply
  16. Ernest Conner says:
    9 months ago

    I don't think Tether is going to be delisted on Binance anytime soon. People trust USDT and it has no current issues.

    Reply
  17. Pattieim Abbott says:
    9 months ago

    The other exchanges should follow Binance's footsteps. No one should trust an unaudited stablecoin like USDC.

    Reply
  18. Andrew Ross says:
    9 months ago

    A good move by CZ!!! No one wants to use a sketchy stablecoin!

    Reply
  19. Samuel Clark says:
    9 months ago

    I don't see USDT out of Binance. I think CZ knows that most of the crypto community knows that USDT is to be trusted.

    Reply
  20. Steven S says:
    9 months ago

    Maybe CZ knows that USDC has a liquidity crisis? What CZ has done is good, so we won't be anywhere near when USDC depegs lol

    Reply
  21. Christopher Taylor says:
    9 months ago

    There are multiple of probable reasons why Binance stopped supporting USDC in this case. Its recent issue with Tornado Cash that trumps over privacy concerns. Or USDCs audits that is still nonexistent. You choose your reason. Tether and BUSD is much more safer than USDC at the moment.

    Reply
  22. Rebecca Eadie says:
    9 months ago

    At this moment we all know why USDC has been delisted. Its severely unsecure. I don't know why people are still using it.

    Reply
  23. Lorena Kato says:
    9 months ago

    All exchanges should stop supporting a stablecoin like USDC. No audits, no records of its reserves. No one should trust a stablecoin like that.

    Reply
  24. Roger Nelson says:
    9 months ago

    The US Government should investigate Coinbase, Circle and USDC with the number of lawsuits that is against them. A ton of people already have bad experiences with the company and the stablecoin itself but no one has given attention to it. But this is a good step for Binance for keeping their users safe.

    Reply
  25. Danny Alves1976 says:
    9 months ago

    This is definitely NOT good for Circle in any way, contrary to everything they say at the moment. It's just an illusion to try to keep people who own USDC from selling this stable coin but it won't help because people know the truth and know that it will only get worse.

    Reply
  26. Kelly Bennet says:
    9 months ago

    Why they don't support USDC is clear to me now. But what's next?

    Reply
  27. Big Shark says:
    9 months ago

    And the reason why they did it is clear to me.

    Reply
  28. The lord Himself says:
    9 months ago

    Now I seem to begin to understand what was meant by the phrase "USDC may become the next UST". The relevance of this stable coin has already started to fade although only a few days have passed since halting support. It is reasonable to assume that it will only get worse for USDC from now on.

    Reply

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