Binance Co-Founder He Yi Addresses FDUSD Concerns Amid Stablecoin Promotion

On April 3rd, the co-founder of Binance, He Yi, addressed inquiries regarding the ongoing situation with the stablecoin associated with Launchpool. He Yi clarified that Binance is committed to enhancing transparency through regular fund audits and implementing stringent risk controls. The Binance team is actively investigating FDUSD to better comprehend its current dynamics. Initial assertions suggesting a 1:1 redemption capability were rooted in rational assumptions rather than confirmed data. Notably, BNB lacks a significant concentration of holders or an insider group, which lends to its market resilience. There have been queries about potential risks linked to FDUSD in Binance Launchpool, prompting a community representative, Sisi, to offer insights based on personal perspective. However, her remarks should not be construed as an official stance from the FDUSD organization.