Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB - Here's Why

Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB. In a Monday tweet, Binance CEO Changpeng Zhao said the world's largest cryptocurrency exchange plans to convert the remaining $1 billion of its Industry Recovery Initiative funds to BTC, BNB, and ETH amid the ongoing saga around banks and stablecoins. ...