Binance, one of the largest cryptocurrency exchanges in the world, announced on Wednesday that it would be launching a new initiative to help stabilize the price of Ethereum. The move, which will see Binance use its reserves to buy up and then burn Ether, is designed to help recover the so-called peg between the price […]
What Is Binance Peg Ethereum
What is Binance peg Ethereum? Binance peg Ethereum is a type of Ethereum that is pegged to the value of the U.S. dollar. This means that its value will not fluctuate as much as regular Ethereum, making it a more stable investment option. Binance peg Ethereum is created by first converting U.S. dollars into Ethereum, […]
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