Binance , the world's largest crypto-exchange, is developing a stable token linked to the British pound sterling on its blockchain-network Binance Chain, launched a few months ago. This was confirmed on Twitter by the founder and CEO of Changpeng “CZ” Zhao.
Stablecoin under the ticker BGBP was discovered on the Binance trading platform by one of the users, which he reported on Twitter.
BIG NEWS!
It looks like It @Binance has, issued Their Stable Coin $ BGBP on Binance Chain A!
It's incredible how fast Binance moves. I can't say how much this is for Binance and Binance Chain.
Expect $ BNB to skyrocket from here! pic.twitter.com/FAEdvMG2tF
– CryptosBatman ⚡ (@CryptosBatman) June 3, 2019
Zhao later confirmed that the company is indeed working on a stablebcoin. According to him, the project is still at an early stage of testing, and at the moment stable tokens have been released for just £ 200.
This is in testing phase still, only £ 200 minted so far. Slowly, but surely …
– CZ Binance (@cz_binance) June 3, 2019
“Slowly, but still …” , added CZ with irony.
Recall that Binance recently launched its own blockchain Binance Chain and, based on it, the decentralized Binance DEX exchange.
In addition, the company announced plans to launch a crypto-derivatives trading platform and margin trading on the main platform. On the eve, Binance DEX was criticized by the crypto community for deciding to restrict access to the platform to users from 29 jurisdictions, including Belarus and Moldova.
Publication date 05/06/2019
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