Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina.

Nowadays the crypto industry is not completely free from political influence. Here is how the Binance P2P platform interacts with Russian and Ukrainian users.

Binance CEO Changpeng Zhao announced on Twitter that the foremost crypto exchange would convert the approximately $1 billion remaining from its Industry Recovery Initiative funds to native crypto assets — precisely, bitcoin, ether and BNB.

Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including BTC, BNB and ETH.

In the last 24 hours, Binance has minted 657 million TUSD on the Tron network, as reported by Lookonchain monitoring.

Binance will open trading for the BNB/USDC, BTC/USDC and ETH/USDC trading pairs at 2023-03-12 06:30 (UTC).

In a recent tweet, CZ, the CEO of Binance, highlighted the potential risk that banks pose to fiat-backed stablecoins. "Banks are a risk to fiat-backed stablecoins." CZ tweeted. This comment suggests that banks may be viewed as a threat to stablecoins that are backed by fiat currencies such as the US dollar or the euro.

Binance CEO Changpeng “CZ” Zhao on Saturday announced that Binance will now support multiple stablecoins and discontinued its Binance USD (BUSD) Auto-Conversion policy introduced last September. The move surprisingly came after Circle’s USDC stablecoin depeg due to $3.3 billion exposure to failed Silicon Valley Bank.

The decision was made due to the current market conditions, which have resulted in high inflows and an increasing burden to support the conversion.

Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation.