Binanc announces that it will end support for its stablecoin

Question

Kava Official

Jonathan Foupi

Binanc announces that it will end support for its stablecoin

BUSD on December 15.

What is the current plan for the platform that offers BUSD to the lender or credit?

#blockchain #cryptocurrency #english #kava

0

29.11.2023

6 ответов

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Jonathan Foupi Автор вопроса

Cameron | Kava (I will never DM first)
We have received news about Binance's announcement...

My problem is that I have a big loan that I absolutely can't pay at the moment. I am worried about my future in the situation. Let it happen to me if I am unable to repay and that active disappears... thank you for your help! This story will haunt me all night😱

0

29.11.2023

Dark B

Jonathan Foupi
My problem is that I have a big loan that I absolu...

you should start deleveraging as soon as possible, then it will be late and worse

0

29.11.2023

Jock Pol

Cameron | Kava (I will never DM first)
We have received news about Binance's announcement...

Ser, any notes from tweeter spaces

0

29.11.2023

CryptoDaz (Darren)

Jock Pol
Ser, any notes from tweeter spaces

From my own memory so don't rely on being 100% accurate The initial part was just talking about lowering inflation to zero and how that rare that is amongst POS blockchains, etc and how that gives reassurance to token holders. He mentioned about how they had built the community pool There was also some brief mention how the community pools on some others chain have a wider basket of assets and how we had some AKT and a few others in smaller amounts, the host said he would like to see BTC in the community pool Scott mentioned about having native wBTC on Kava Chain issued by Bitgo later in next year and also about native wETH via Layer Zero He talked about lower emissions The main new point of interest was that he appeared to be suggest that there would be a reduction in Kava Rewards being given out on the Kava Web apps - he mentioned how other chains issue very little or no incentives and instead rely on usage and tx fees, etc Towards the end he talked a little about USDt and how the KavaEVM is now has the 5th largest amount of all chains and how USDt has become very important in many countries around the world but most is currently transacted on the Tron chain but speculated that in the future there is no reason it might be on Kava chain

0

29.11.2023

Jock Pol

CryptoDaz (Darren)
From my own memory so don't rely on being 100% acc...

Ser your memory is very good

0

29.11.2023

Cameron | Kava (I will never DM first) · Accepted Answer

Cameron | Kava (I will never DM first)

We have received news about Binance's announcement today. They have advised users to convert their BUSD to other assets. As a result, we are currently exploring plans for BUSD on the Kava web app. In the meantime, please be aware that Binance recommends that BUSD holders convert their BUSD holdings to different assets or make deposits to their Binance accounts.

0

29.11.2023

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