Replying to Avatar Len AKA The Lengend⚡

BUSD down to $3.88 billion market cap. Trending to $0.
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El Vitos 2y ago

$3.42 billion now, this crap to the ground

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Len AKA The Lengend⚡ 2y ago

It is going to $0 pretty damn fast!

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El Vitos 2y ago

Going fast to the ground

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Len AKA The Lengend⚡ 2y ago

Yeah. The last few hundred million will be fun to watch as it will determine how much of this is/was backed 1:1 by fiat.

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El Vitos 2y ago

what should they be doing to keep the peg

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Len AKA The Lengend⚡ 2y ago

Ensure that they have the funds to cover customers orders. Failure to meet this obligation could ruin them as confidence in Binance erodes.