Citi weighs in on Binance hack and stablecoin freeze response
- —Citi examined stablecoin issuers' role in responding to the Binance hack
- —Freezing is possible due to centralized control over token issuance
- —The bank contrasted stablecoin response speed with bitcoin
Why it matters: Citi's take reinforces the case for stablecoins as a risk-managed tool for institutional investors.
Source: Investing.com Crypto