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FTX is working on his own stablecoin

FTX Chief Sam Bankman-Fried revealed in an interview with The Big Whale that the popular exchange is currently working on developing its own stablecoin. Following the collapse of the Terra ecosystem, and its UST stablecoin, which caused the market crash and many crypto companies to go bankrupt, lawmakers around the world have been working on frameworks for stablecoin regulations.

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