Why USDC Rewards in Binance Write to Earn?
Binance gives rewards in USDC through its Write to Earn program, but ideally, these rewards should be in BNB. If the reward was in BNB, users would have the choice to either hold it or sell it.
But since we receive USDC, most people instantly convert it into BNB or USDT.
So the question is — what’s the benefit for USDC?
With every conversion, USDC loses demand, which is a disadvantage for those trying to support and sustain this stablecoin.
What’s USDC thinking? Or is there some hidden strategy behind this?
What do you think?
Drop your thoughts in the comments!
