During the collapse in 2022, cryptocurrency markets resembled a battleground, making survival increasingly difficult. Companies that failed to manage their cash reserves effectively faced collapse. Additionally, risky positions taken with customer assets led to significant bank run events in the crypto sector.

Binance Excluded USDC ($1.00)

Recall that there were days when Binance excluded USDC from its platform. During that time, Binance CEO CZ directly targeted Coinbase’s CEO, stating risks associated with platforms he perceived as vulnerable due to their comments regarding potential bankruptcies. The Coinbase CEO warned that the accusations against them could have severe consequences, given their status as a publicly traded company.

Later, Binance USD (BUSD ($1.00)) faced legal challenges and became obsolete. Throughout this period, Binance reduced its USDC pairs while expanding its pairs with alternative stablecoins, openly opposing USDC. Circle claimed that this situation was temporary and assured that they would continue to grow.

Binance’s Partnership Announcement

Today, we find ourselves in a completely different environment compared to those chaotic days. Just h...