Recapping the Week in DeFi

Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.

Coinbase to Suspend Trading for BUSD March 13, Citing ‘Listing Standards’

In what seemed to be a tough week which has seen Binance continuously fight off FUD, Coinbase announced it will cease trading for BUSD on March 13, citing listing standards. Users will, however, have the ability to withdraw their BUSD at any time. 

Find more information in this article. 

OpenOcean DEX Aggregator Integrates Stargate to Power Cross-Chain Swaps

Popular DEX aggregator OpenOcean has integrated Stargate to power its cross-chain swap bridge across six chains. The integration enables one-click bridge swaps on whitelisted tokens, improving user experience.

Discover the six chains and the benefits of this integration here. 

Wombat Exchange Drops Major Bombshells in New 2023 Roadmap

Wombat has quickly become a favorite for BNB Chain users, but the stableswap DEX is not stopping there, as it unveiled ambitious plans in its 2023 roadmap, including integration of non-USD stablecoins and volatile assets, as well as multi-chain expansion. 

Find all the details in this article. 

CZ Responds to Forbes ‘FUD,’ Says Binance Is Different From FTX

The Binance CEO took some time again to fight FUD over the week, expressing disappointment over a recent Forbes article that accused the leading exchange of “shuffling” $1.8 billion in stablecoin collateral to hedge funds last year. They seem not to understand the basics of how an exchange works”, says CZ.

Find more information here. 

Polygon ID Launched, Promising Private Digital Identities

Early in the week, Polygon launched a new digital identity solution, Polygon ID, which makes use of zero-knowledge proofs to enhance users’ privacy. The solution is an implementation of the Iden3 protocol.

Learn more about Polygon’s new solution here. 

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