About Binance

Hi Everyone,

As we speak I read an article about $2 Billion greenback withdrawals on Binance within 24 hours. It appeared that they had suspended withdrawals from USDC, their rationalization was that "fiat cash banks" have been closed, in order that they couldn't be swapped for actual dollars. That received me surprised tbh, I assumed crypto didn't depend on fiat banks? Now it appears that you not only have 1 intermediate to succeed in your account stability, however two, specifically the "fiat bank" and the crypto change. If each intermediates are corporations which have the potential for going bankrupt, you principally have double the danger of just dumping cash on the fiat financial institution. What objective does a secure coin exactly fulfill?