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Binance’s Stablecoin Was at Times Undercollateralized by Up to $1B 

January 10, 2023
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Marketplace lending comes in all stripes, serving needs of specific markets. ApplePie Capital has its sights set on franchise finance and helping small business owners tap into the power of some marquee brands.

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Binance’s Stablecoin Was at Times Undercollateralized by Up to $1B 

January 10, 2023
Binance’s stablecoin was reportedly undercollateralized at times during 2020 and 2021. Bloomberg reported Tuesday (Jan. 10) that the Binance-Peg BUSD reserves were at three separate times missing collateral of as much as $1 billion. The cryptocurrency exchange’s token is meant to have its value backed by reserves of another stablecoin, BUSD, that has the Binance […]