Binance will burn 50 million $DAI that are not being used. The official explanation states that this is standard procedure to maintain the necessary supply of wrapped assets on BNB Chain.
Stablecoins
Binance
Daily Market Wrap | Aug. 08 Wall Street back-office giant DTCC mulls stablecoin integration: report Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Circle secures in-principle approval to operate as money services provider in Abu Dhabi Mastercard moves to integrate stablecoins into global payments network
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