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Binance Joins EOSDT Stablecoin Governance Board

10:22 Friday , May 22nd 2020
Binance is trying its hand at decentralized stablecoin governance. The exchange joined the distributed oversight team that approves contracts and code changes on Equilibrium, a DeFi outfit behind the EOSDT stablecoin. EOSDT contracts hold nearly $10 million in collateral according to the Equilibrium website.
Announced Friday (May 22), Binance now has oversight power over new EOSDT smart contracts. As a party to Equilibrium's multisignature hierarchy, Binance will grant – or conceivably withhold – its approval to all contracts prior to release.
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