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First Mover Asia: Binance’s USDC Swap Out Isn’t What You Think It Is; What's Behind Bitcoin's Late Dive?

The exchange is hoping to generate one big pool for USD stablecoins to be used for trading and powered by Binance’s USD stablecoin; bitcoin drops below $19K.

Updated May 11, 2023, 6:56 p.m. Published Sep 7, 2022, 1:26 a.m.
Binance CEO Changpeng Zhao at Consensus 2022. (Shutterstock/CoinDesk)
Binance CEO Changpeng Zhao at Consensus 2022. (Shutterstock/CoinDesk)