ATC quote · Jul 1, 2024 · 0:34:43
“So... And, Johnny, I'm coming to you in one second. I remember very clearly that Binance was literally saying to... Sending out notices to everybody saying, we are... Like, we will not honor USDC…”
Dave @DCBK2LA (speaker unconfirmed)
From ATC: DAVE & KOOL TALK ALL THINGS CRYPTO, Jul 1, 2024 · Episode page

In context
0:33:23 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): I mean... So here's the other thing is that now all of the exchanges, the primary exchanges, OKX, Uphold, and Bit... Bitstamp, and I think Binance went soft on this one, but the rest of them delisted the other the other coins. So you will have actually a a a big change. Right? Because it's not just that they're going to be using the the Circle coin now. It's that they're stopping the other coins. Like, you're not…
0:34:43 Dave @DCBK2LA (speaker unconfirmed): So... And, Johnny, I'm coming to you in one second. I remember very clearly that Binance was literally saying to... Sending out notices to everybody saying, we are... Like, we will not honor USDC anymore. We are going to swap it out for BUSD. So you have until x date. I believe it was, like, October '23 or something. And they were like, yeah. Like, we're, like, we're done we're done with this completely. And now…
0:35:11 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): I mean... And that was that was such a fake transaction too. That was like, give me your USDC. Right? And it's not like cash out your USDC. Give me a dollar, and I'll give you a, you know, a BUSD. Right? Which would be every BUSD is now backed by a dollar. This is give me your USDC, and I'll give you my minted, you know, BUSD. We have no idea if they sold those those Circle coins or what they did with them or…
Show discussion only, not financial advice. Transcripts are auto-generated.
