News for hackers. Stuff that matters.

A comment on Binance freezes withdrawals of stablecoin USDC as investors pull $2B. Parent comment

Re:Binance freezes withdrawals of stablecoin USDC as investo... by capitalreqs on Tuesday December 13, 2022 @01:10PM (#33973111)
Reserve requirements aren’t relevant anymore because capital requirements have largely taken their place. Capital requirements are not zero.
[ Parent | on HN ]
Re:Binance freezes withdrawals of stablecoin USDC as investo... by selectodude on Tuesday December 13, 2022 @02:05PM (#33974074)
Furthermore, capital requirements are better than reserve requirements for us, the taxpayer, because we’re not paying interest on those reserves.
[ Parent | on HN ]