First Digital USD

Coin

<ul class="news-points"> 
 <li>“Impermanent loss is usually permanent loss,” said Binance CEO Changpeng Zhao in his latest tweet.</li> 
 <li>Zhao asked his followers to stay safe and added that stablecoins were not always stable. </li> 
 <li>However, some of his critics called him out for listing fraudulent stablecoins such as First Digital USD (FDUSD).</li> 
</ul> 
Changpeng Zhao, the CEO of <a href="https://coinedition.com/binance-exchange-review/" target="_blank" rel="noopener noreferrer nofollow">Binance</a>, took to Twitter to inform his followers that loss termed “impermanent loss” is usually permanent loss, irrespective of the name used. “Don’t let a term fool you,” said Zhao in his latest Tweet. Impermanent loss is a term used in <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/" target="_blank" rel="noopener noreferrer nofollow">DeFi</a> when the price of users’ deposited assets changes compared to when they deposited them. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Unpopular x: "Impermanent loss" is usually "permanent loss". Don't let a term fool you. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f937-200d-2642-fe0f.png" alt="🤷‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> And "stable" coins… are not always stable. Learn risk management. Stay <a href="https://twitter.com/hashtag/SAFU?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SAFU</a>.— CZ 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f536.png" alt="🔶" class="wp-smiley" style="height: 1em; max-height: 1em;"> Binance (@cz_binance) <a href="https://twitter.com/cz_binance/status/1683865615696625665?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 25, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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Zhao also added that “stable” coins are not always stable. “Learn risk management. Stay #SAFU,” stated the CEO. “SAFU” is a term coined by YouTuber Bizonacci as a play on the word “safe.” It was later used for the Binance emergency reserve. 
The comments section under Zhao’s p… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/impermanent-loss-is-usually-permanent-loss-says-binance-ceo/">‘Impermanent Loss’ Is Usually ‘Permanent Loss’ Says Binance CEO</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

‘Impermanent Loss’ Is Usually ‘Permanent Loss’ Says Binance CEO

Coin Edition

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