Dogecoin founder on what might happen to Crypto if Binance falls
The FTX collapse sent shockwaves through the entire crypto industry. Very few people saw the signs, and even fewer expected such a big exchange to collapse so suddenly. The whole incident proved just how important it is to keep tokens in self-custody. Dogecoin (DOGE) creator, Billy Marcus, took to Twitter and explained what would happen if the world’s largest exchange, Binance, or stablecoin Tether, were to collapse. So much so that Twitter founder Jack Dorsey agreed with Markus. The Dogecoin creator said that the collapse of Binance or Tether, the largest stablecoin by market cap, would mean “game over.” However, Markus does clarify that “game over” does not mean that crypto would die. It would mean a “big mega mondo market crash.” Crypto, Markus says, “would still be the exact same thing – a decentralized ledger and way to send coins around.” to anyone worrying about binance and/or tether collapsing, if either does i...