On the one hand, the fact that the exchange is removing, behind the scenes, USDC as one of its pegs would suggest that it might be a grander play to delete the stablecoin from history after it gets absorbed. After all, one of the functions of stablecoins, aside from their use in trading pairs, is to provide dollar stability that their name endows.
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Binance’s USDC Swap-Out Isn’t What You Think it Is; What’s Behind Bitcoin’s Late Dive?
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