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Binance US coming soon; BTCB challenging USDT

Recently, Chinese Media Tuoluo interviewed Binance CMO He-Yi on the Binance's bitcoin pegged token, DEX, Binance.US and more. Here we highlight some of the most important topics discussed.

1.Besides Bitcoin, will Binance launch other cryptocurrency pegged tokens? (Binance just announced the launch of its BTCB, Binance's Bitcoin Pegged Token)

It will take time. We also look for feedback and needs of our users to make a decision and determine the timeline.

2. On USDT's lack transparency

When we are talking about whether it is "secure" to trade BTCB, we are really discussing whether we can redeem the BTCB for BTC. Currently, most of the fiat-based stablecoins are adopting this model in where you can put 1 dollar in the bank, and then issue USDT on-chain. However, you cannot see the bank reserves and transactions every second.

With BTCB, our customers can check anytime on whether the reserves have been shuffled or moved elsewhere. Therefore, you can interpret this is a sta...

 


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