Binance to convert $1 billion in stablecoin to bitcoin, Ether and other cryptocurrencies

Binance to convert $1 billion in stablecoin to bitcoin, Ether and other cryptocurrencies

The world's largest crypto exchange by trading volume will covert BUSD to Bitcoin, Ether, and other tokens using its Industry Recovery Initiative funds

Binance converting $1 billion in BUSD to bitcoin, ether and BNB

Binance CEO Changpeng Zhao announced on Twitter that exchange would convert approximately $1 billion of BUSD to bitcoin, ether and BNB.

Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other Tokens

Binance tapped into its Industry Recovery Initiative funds to cover the move.

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum – Bitcoin News

Binance boss CZ announced on Monday that the company had converted $1 billion BUSD into bitcoin (BTC), BNB, and ethereum (ETH).

Binance Swaps BUSD Stablecoin From 'Recovery Fund' to Bitcoin, Ethereum, BNB

Binance to spend its BUSD stablecoin on scooping up Bitcoin, Ethereum, and its native BNB token, the firm's CEO said.

Binance converts $1B BUSD to Bitcoin, Ethereum, BNB

The recent collapse of crypto-friendly banks has made Binance convert its $1 billion industry recovery fund to Bitcoin and other assets.