Binance CEO Changpeng Zhao’s recent comment about his intention to introduce an algorithmic stablecoin into the crypto market has sparked significant discourse. A key contribution to this ongoing conversation comes from Adam Cochran, an esteemed fintech executive and business analyst.
Cochran recently released a comprehensive outline, suggesting potential methodologies for launching an algorithmic stablecoin. Cochran’s in-depth exploration of this topic comes in response to Zhao’s concerns about the risks associated with larger stablecoins like Tether (USDT) and Binance USD (BUSD).
Response To CZ’s Algorithmic Stablecoin Proposition
In a recent Ask Me Anything (AMA) session, Zhao openly discussed his apprehensions about the opacity of the Tether platform, expressing uncertainty about the asset’s auditing process.
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CZ noted in the Twitter Space:
I personally have not seen any audit reports of U
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