Binance CEO Changpeng “CZ” Zhao is attempting to bring smaller algorithmic stablecoins to market in order to provide investors with alternatives to the big global stablecoin heavyweights.
CZ addressed dangers connected with huge stablecoins such as Tether and Binance USD in a July 31 ask me anything (AMA) session on Twitter, adding that while Tether is by far the largest stablecoin by market size, he remained cautious of the asset owing to its lack of transparency.
Even ostensibly well-regulated and properly audited stablecoins, such as Binance USD, have unexpected hazards, he added.
