Biggest crypto exchange takes on Tether with own stablecoins
Binance is set to unveil a few stablecoins in the coming weeks with the first, dubbed GBP, being back by the British pound. The announcement was made by Binance CFO Wei Zhou in a phone interview. Although no plans are in the works for a dollar-backed stablecoin, Bloomberg writes the exchange's market dominance could pose a threat to incumbent Tether ($USDT).
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