Circle marks a possible $3B loss from Binance stablecoin conversions

Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.

Post from: Cointelegraph.com News

Tags: S-4 Registration Statement, Filing, Concord Acquisition, Jeremy Allaire, Token Issuance, Balance Sheet

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