Binance announced a new asset-backed token last week. Known as BTCB, it is backed by a reserve fund of Bitcoin (BTC) and will enable users to exchange the coin’s value on the Binance ecosystem. Seems slightly crazy right? Maybe not. BTCB will be used for trading pairs on Binance’s decentralized exchange. The main appeal of […]The post Binance’s Bitcoin-Pegged Token: Is BTCB Really Necessary? appeared first on Crypto Briefing.