Hacker News new | ask | show | jobs
by kanwisher 1939 days ago
Pretty sure Binance is now BUSD for all deposits, their own USD token
1 comments
ur-whale 1939 days ago
>BUSD for all deposits, their own USD token

Which, goes without saying, is fully backed by USD reserves and properly audited ?

link
PeterisP 1939 days ago
Kind of, see the monthly attestations at https://www.paxos.com/attestations/ . It's significantly better than USDT, but IMHO not fully at a level where you can say "properly audited" without any caveats.
link
dustymcp 1939 days ago
Atleast until the inevatible hack
link
ur-whale 1939 days ago
>Atleast until the inevatible hack

LOL, yeah, I always forget about this one.

This, btw, is also something that makes crypto "different": the exchange can always pretend it wasn't a scam and blame it on a hack.

link