By CCN: Binance CEO Changpeng Zhao let the cat out of the bag on Twitter late last night: Binance is launching its own stablecoin. Binance’s Last Mile: Its Own Liquidity Market? A user hoped to see a true stablecoin, pointing out that all of the existing options were down at least 2%. CZ responded that the exchange is currently in “testing” phases for its stablecoin product. Fact is, when stablecoins see use in actual trading, demand might shift in either direction, occasionally creating a spread. The spread can sometimes be as extreme as 5-10%, depending on overall problems with the
The post The World’s Biggest Crypto Exchange is Testing a British Pound Stablecoin appeared first on CCN
* First published on ccn.com
