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A comment on Binance banned from doing business in UK. Parent comment

Re:Binance banned from doing business in UK by BLKNSLVR on Sunday June 27, 2021 @08:25PM (#27656781)
Tether is associated with the Bitfinex exchange, not Binance.

Binance has its own stablecoin: BUSD

USDC is associated with Coinbase, the exchange that recently went public, so I'd assume it's far more trustworthy than Tether.

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Re:Binance banned from doing business in UK by WalterSear on Sunday June 27, 2021 @09:18PM (#27657105)
USDC is avoiding audits too.
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Re:Binance banned from doing business in UK by WalterSear on Monday June 28, 2021 @01:47PM (#27665040)
This Binance?

https://wallet.tether.to/richlist

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Re:Binance banned from doing business in UK by BLKNSLVR on Wednesday June 30, 2021 @02:52AM (#27685691)
Binance has holdings in all sorts of cryptocurrencies that it has no involvement in the creation or minting of.

As a cryptocurrency exchange, Binance must hold Tether to operate.

As the most popular cryptocurrency exchange on the planet, they're likely to be on the larger end of Tether (and various other cryptocurrencies) holdings.

I'm not defending Binance here, I think there's fair potential that they're doing shady stuff, but they're not responsible, in any way, for the minting of billions of dollars of Tether, or involved in any of the dodgy accounting around Tether's backing.

Same goes for Huobi, who are second on that list. They're an exchange. Holding Tether is an essential part of being in that business.

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Re:Binance banned from doing business in UK by grey-area on Monday June 28, 2021 @01:58AM (#27658573)
There are also deep and to my mind suspicious links between the two, this fraud is a shared endeavour.

https://cointelegraph.com/news/a-by-the-minute-look-at-tethe...

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