China Everbright Securities Chief Economist: US Dollar Stablecoins Are Not Legal Tender in the US, Should Not Be Mythologized or Overvalued
According to Caixin, during a recent online seminar of the China Macro Economic Forum (CMF), Guan Tao, the Chief Economist of China Everbright Securities, stated that US dollar stablecoins are not legal tender in the US and lack the backing of sovereign credit. A 'wait-and-see' approach can be taken towards stablecoins, and there is no need to rush or to 'mythologize' or 'overvalue' them. It is essential to maintain strategic resolve in the development of digital currencies and the promotion of the internationalization of the Renminbi. Guan Tao believes that customer funds from third-party payments like WeChat and Alipay are fully managed by the People's Bank of China, which is similar to the issuance of stablecoins at a 1:1 ratio, and in practice, payment and settlement still use Renminbi. #GENIUS稳定币法案 #加密立法新纪元
Check out what Binance's new "Coin Holding Lazy Win" method—Soft Staking (earning interest by holding coins) is all about? Simpler than freestyle, more comfortable than HODL! 🔥 #Binance
🔶1. What is "Coin Holding Lazy Win"? Imagine this: The coins in your spot wallet, no need to lock! No need to transfer! No need to wait! Wake up every day, earnings automatically credited, like collecting rent! Want to trade? Instant sell! Want to withdraw? Instant withdrawal! Binance's operation this time, truly the lazy person's investment ceiling! 💸
(Translation: Earning interest by holding coins = Coins in the spot account, automatically earning staking rewards, full flexibility!)
🔶2. How to get started? A blessing for the clumsy! (If you don't understand, check the video below❗️) Step 1: Click [Wealth Management] in the App → Find [Earning Interest by Holding Coins] Step 2: Tap [Activate] → Agree to the terms (don’t just close your eyes and sign!) Step 3: Lie down! Earnings start the next day! ⏰ (Similar process on the web, located in [Principal Guaranteed Earnings])
🔶3. How much can you earn? Watch the APR dance! Earnings are calculated based on “average daily holdings” (the system takes sneaky screenshots every day📸) The formula is super simple: Holding amount × APR ÷ 365 But be careful: APR can fluctuate! Today 5%, tomorrow 4%, the market decides! Supported coins? BNB, SOL, ADA… mainstream players! (Check the list yourself, Binance is not scamming poor folks)
> Abstract complaints: > Earnings flow like rap, new rhythm every day! > APR changes like a fickle heart, stability is on my mind!
🔶4. Soul-searching questions: Q: What's the minimum? Can the poor play? A: There's a threshold! But not high, check specific coin pages, excess amounts don’t count, don’t be a stubborn dragon! 🐉
Q: Do the coins in open orders count? > A: They do not count! Open orders = coins are frozen, frozen coins don’t produce yields! Want to earn? Cancel the order and lie down! ❄️
Q: What's the difference with “automatic purchase”? Old Black summarizes: | Automatic Purchase | Coin Holding Lazy Win | | Coins transferred to wealth management account | Coins in the spot account | | Earnings rely on “lending” | Earnings rely on “on-chain staking” | | Redemption may require an application | Instant credit at any time! | > Conclusion: Want flexibility? Choose Coin Holding Lazy Win! Want isolation? Go for automatic purchase!
#SoftStaking Earning Interest by Holding Coins #SoftStaking #Crypto Community Insurance #BNB #SoftStaking