Binance Admits To Issues With Its BUSD Peg

On Tuesday, the world’s biggest crypto exchange, Binance, admitted that its system had flaws due to which the supply of its stablecoin, the Binance Smart Chain (BUSD), was under-collateralized. The BUSD is supposed to be backed 1-on-1 to the US dollar, but the exchange said that it is missing colla…

By Summer White · Updated Jan 12, 2023