BUSD Reportedly Lost Peg Multiple Times; No Users Impacted: Binance

According to a recent report, cryptocurrency exchange Binance acknowledged on Tuesday that a bug in its system resulted in at least $1 billion in under-collateralization of BUSD, one of the company’s stablecoins reportedly backed one-to-one by the U.S. dollar. The report citied analysis by Jonathan Reiter of blockchain analytics firm ChainArgos, stating that BUSD slipped The post BUSD Reportedly Lost Peg Multiple Times; No Users Impacted: Binance appeared first on Coin Edition .