Home Blockchain News Binance’s New Stablecoin is a Serious Threat to Tether’s Dominance

Binance’s New Stablecoin is a Serious Threat to Tether’s Dominance

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By CCN: According to Wei Zhou, the chief financial officer at Binance, the most widely utilized crypto asset trading platform in the global market, the exchange is planning to issue a stablecoin in the upcoming months, possibly to compete against Tether. Speaking to CCN, Zhou stated: “Our business decisions are made with our users in mind. The goal for issuing a GBP stablecoin is to provide users with more options and more choice; to diversify the stablecoin assets for the ecosystem. BGBP will be issued on the Binance Chain, which offers an easy and fast way to tokenize.” In an

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* First published on ccn.com

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