According to Mars Finance, on January 30th, Binance announced that it will gradually convert its $1 billion stablecoin reserves into Bitcoin, with a plan to complete the process within 30 days. This move may be aimed at easing recent criticism and controversy surrounding the Binance platform within the crypto community. Following the official announcement, the crypto community turned to calling on leading companies, represented by Tether, to support the industry. OneKey founder Yishi stated that all major cryptocurrency technology companies need to take action. The demise of Bitcoin is something no one can afford. Binance took the lead, and now it's Tether's turn. Crypto KOL and former FTX community partner Benson Sun also expressed similar views. Garrett Jin, an agent for "BTC OG Insider Whale," also immediately called for more key crypto companies to step forward and support the industry's development with substantial financial support.
After Binance announced its "$1 billion Bitcoin purchase," the community turned to calling for leading companies like Tether to support the industry.
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