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CoinDesk 2023-02-27 17:02:29

Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year: Forbes

This meant that over $1 billion worth of tokens called B-peg USDC – digital replicas of dollar-pegged stablecoin USDC – were uncollateralized despite Binance's claim that they were 100% backed.
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