FTX is working on his own stablecoin

FlavienOctober 27, 2022

Less than a minute

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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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.