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    Home » Binance will present its own steylcoin in the next two months

    Binance will present its own steylcoin in the next two months

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    By BlockchainJournal on June 6, 2019 News
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    Binance, the leading cryptocurrency exchange, is ready to issue its own stablebcoins in the next two months.

    Wei Zhou, who serves as the chief financial officer of Binance, said that it would take from a few weeks to two months to launch the first steyblecoin. The exchange plans to launch steyblokinoi, whose price will be tied to the main fiatnymi money, except USD. The first stablecoin of the company will be Binance GBP, which will be 100% tied to the British pound. The company explains the decision to exclude the launch of a steablcoin pegged to USD by saying that only a certain number of people around the world use the dollar, while those who use other currencies will need a steakcoin linked to their currency.

    The Binance release of its own stablebcoin is considered to reduce the market share of Tether (USDT) on Binance. Currently, this figure is over 50% of the USDT volume at the site. For the first time that a crypto exchange is testing a stable Binance GBP coin, it became known on June 4th. Changpeng Zhao, general manager of the trading platform, confirmed the information that steaklcoin is being tested, and also noted that a total of £ 200 was released by BGBP.

    BGBP Binance Binance GBP Featured tether USD USDT
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