US dollar shortage drives down bitcoin, ether prices on Binance.US
Bitcoin การขาดแคลนเงินดอลลาร์สหรัฐทำให้ราคา bitcoin และ ether ลดลงใน Binance.US ข่าว Bitcoin Ethereum The US dollar has become expensive on Binance.US since it lost its banking partners last month, with fiat pairs for cryptocurrencies trading at nearly 8% discount. In effect, the US dollar has depegged from the stablecoins — the opposite of what usually wracks crypto nerves. Liquidity lower than demand has apparently pushed USD prices higher on Binance.US. One US dollar fetches about 0.93 of a dollar-pegged stablecoin like tether (USDT) or USDC. That means it would cost 1.078 USDT ($1.078) for a whole US dollar on Binance.US right now. US dollar values began rising around June 20 — after fiat deposits and withdrawals were shut down. Over at Coinbase, the US dollar trades at a cool one whole stablecoin. Top stablecoins have not varied greatly from their pegs on any other platform, at least not since Circle dropped to $0.94 in March, as the brief US banking crisis struck Silicon Valley Bank. So, its clear that US dollars have become popular on Binance.US after it halted over-the-counter trading and suspended US dollar deposits and withdrawals in early June. With the dollar trading at a premium, Binance US crypto prices are all out of whack. Buying bitcoin (BTC) with USD? You‘ll