World’s largest crypto exchange will automatically convert users’ deposits of rival stablecoins into its own Binance USD. Tether Holdings Ltd., the company behind the largest stablecoin with a market value of $68 billion, held $29 billion in U.S. Treasury bills at the end of June. Nayib Bukele, El Salvador’s president, has adopted bitcoin as legal tender to the consternation of developed countries, the IMF and the US, but that is against the Constitution.Read Long Article
