I have been hearing about stable coins for some time now and the daunting part for me starting out was why are there so much usd tokens, each one tied to the dollar.
This confusion might be what struck to Mr CZ today to merge other stablecoin(USDC, USDP and TrueUSD TUSD) to Busd. This move might be to make Busd more exposed and make cz rich but on the other side having multiple stablecoin thats mostly unsustainable should be given due thoughts.
Would we prefer having thousands of stable coin tied to dollars or just a few hundreds in one place.
I read about the terra luna usd crash and how millions of people lost their assets. To me having one or few stablecoin is a good move for binance and I think he's not someone like do kwon who is yet to be found by 4400 luna victims.
Merging is great for business so congrats to binance.
Disclaimer
This is not a financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions.