Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
Circle marks a possible $3B loss from Binance stablecoin conversions
- Post author:MiamiCrypto
- Post published:November 16, 2022
- Post category:balance sheet / Concord Acquisition / filing / Jeremy Allaire / S-4 Registration Statement / token issuance