Binance Says It’s Converting Users’ USDC into Its Own Stablecoin

I guess it's better to control the fraud directly rather than relying on your competitor's best interests.

Isn’t Binance supposed to be the most stable platform out there? Is this as bad as it seems?

Oh. Did someone think exchanges weren't double dipping in the risk exposure?

>> Is this as bad as it seems?

Sadly, it seems like we're in Blazing Saddles territory now.

Not your keys, not your coins.