Investors pull $2.5 billion in days from Binance’s stablecoin on regulatory scrutiny
About $2.5 billion flowed out from Binance's stablecoin this week, Binance's CEO said on Twitter, after US regulators turned their sights on the cryptocurrency. Most of the money has moved from moved from Binance USD into Tether, another so-called stablecoin where tokens have a $1 value, Binance boss Changpeng Zhao said on Twitter. "Landscape is shifting," he said. Stablecoins are used for trading between crypto tokens and between crypto and traditional assets. Binance USD is the third-biggest stablecoin behind Tether and…