Yi Lihua: Binance and Tether Should Invest Profits into BTC and ETH to Support Industry Development

Odaily News Yi Lihua posted on the X platform, stating that companies like Tether and Binance operate as industry pumps, earning tens of billions in profits annually. Tether, as a non-compliant stablecoin company, uses industry profits to purchase large amounts of gold. While successful in investment, it fails in industry development. In contrast, compliant stablecoins like USD1 allocate profits through WLFI to subsidize users and purchase industry assets like ETH, representing genuine industry development. JackYi suggested that if CZ and He Yi are optimistic about the industry cycle, they should allocate part of Binance's profits to buy BTC and ETH, aligning words with actions and sustaining development. He also hopes other platforms will follow suit, believing that a bull market can bring better prospects, while major short sellers are a cancer to the industry.