Sam Bankman-Fried, FTX chief, told The Big Whale in an interview that the crypto exchange is working on its own “stablecoin”.
SBF, the founder of FTX and alameda, said \”we’re working on our stablecoin\”. According to @TheBigWhale_ He said Binance converts USDC —> BUSD and begins the Second Great Stablecoin War before. https://t.co/G9ht2P95in
— Wu Blockchain (@WuBlockchain) October 27, 2022
According to journalist Colin Wu, the conversion of Binance balances into USDC, USDP and TUSD into BUSD, which the exchange began at the end of September, Bankman-Fried called the “Second Great Stablecoin War.”
In the stablecoins segment, led by USDT from Tether with a market capitalization of $68.5 billion, according to CoinGecko. Behind it in the ranking wereUSDC ($43.9 billion) and BUSD ($21.5 billion). The Centre’s stablecoin metric over the past 30 days fell by almost 11%, while Binance’s coin rose slightly — 1.8%.
Bankman-Fried clarified that the company prioritises launching a stablecoin through a partnership with a third party. He did not disclose details.
“Much depends on finding partners with whom it would be very interesting to work. I think everything is possible, and we will hear something on this topic in the not-too-distant future,” he said.
Earlier, Bankman-Fried announced the November 21 launch of a new version of the FTX platform.
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