Binance and Coinbase beef dey hot because of USD1 smear campaign
Binance and Coinbase beef don tey increase afta Binance CEO Changpeng Zhao (CZ) yan Coinbase say dem dey arrange smear campaign wey get connection wit USD1 stablecoin from former President Trump World Liberty Financial project. Dis allegation follow Bloomberg report wey yan say Binance develop di USD1 smart contract and dem get over 90% tokens for dia own wallet, dey get interest. CZ throway dis report say na competitor dem pay am do and e yan say e go take law beat dem. Influencer Matt Wallace talk say e dey show say evidence dey against Coinbase, mean say di exchange dey fear say dem go lose US market share if Binance come back legally – especially if CZ get presidential pardon. Dis Binance Coinbase fight dey show how competition fit enter media and regulatory area. None of di exchange don yan official statement. Traders suppose dey watch how dem dey position, regulatory plans, and possible legal wahala wey fit affect USD1 liquidity and market wahala.
Neutral
As di Binance and Coinbase wahala dey increase wit accusations say dem dey do smear campaign about dis USD1 stablecoin, di price of stablecoin never change, e mean say market impact na neutral. For short term, dia fit dey more media mata and possible legal tori wey fit cause wahala around USD1 liquidity and exchange flows. But stablecoins dem suppose hold dia peg steady, and Binance or Coinbase neva do any official regulatory move to spoil USD1 stability. For long term, di result of any legal case and how Binance go re-enter US fit affect di exchange market share, but di USD1 market itself gats remain strong, keep price impact neutral.