Algorithmic of the Terra network in May stablecoin TOPon losing its stability Terra (Luna) There were sharp declines in the entire crypto market, especially in the crypto market.
Although investors started to approach stablecoins more cautiously after this incident, stablecoins have a special importance in the crypto industry.
In this context stablecoin The last name to join the race was FTX.
Leading cryptocurrency exchange Sam Bankman Fried, founder and CEO of FTX, He said the exchange is trying to create a stablecoin.
In an interview with The Big Whale, SBF stated that FTX could launch its stablecoin through a partnership.
When asked in the interview, SBF answered, “Will FTX launch its own stablecoin?” as follows:
“We can definitely do it. We know how to do this.
We’re putting off doing this because I think to some extent collaboration on this can be really powerful. And we are working to find the best partner in this regard.
But I think you’ll probably hear from us about it in the not too distant future.”
While it does not provide a clear date and details for the FTX stablecoin, it is one of the biggest rivals of FTX. Binance stablecoin in partnership with Paxos in September 2019 BUSDHe had released the .
BUSD currently Tether (USDT) and from USD Coin (USDC) It is the third largest stablecoin after
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