Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’

Discussion in 'Altcoins General' started by koorper, Jun 9, 2019.

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  1. koorper

    koorper Invests like a Pro

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    Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5.

    Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two," with the goal to make stablecoins available for more of the world’s currencies.

    The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.

    Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’
     
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