.FTX_Official is working on a stablecoin, according to SBF_FTX who was interviewed by TheBigWhale_. Reporting by oknightcrypto.
Further details were not available on the website, which is behind a paywall. A stablecoin is aFTX currently offers margin trading that allows customers to use a basket of U.S. dollar stablecoins as collateral.
The basket includes TrueUSD , USD Coin , Pax Dollar , Binance USD and HUSD.The rise of Tether , which is the largest stablecoin and has a market cap of $68 billion, also provides a use-case of how stablecoins can thrive even under regulatory scrutiny. Tether is owned by iFinex, a Hong Kong holding company that also owns crypto exchange Bitfinex.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token SurgeCrypto markets saw over $700 million in liquidations on short trades, or bets against price rises, a level last seen in July 2021. By shauryamalwa
Read more »
What Is Dollar-Cost Averaging?As part of CoinDesk's Trading Week, Swan Bitcoin CEO Cory Klippsten discusses how dollar-cost averaging works and why it may be better for your crypto portfolio. Plus, Klippsten shares his outlook for crypto regulation on the heels of a proposal from FTX's Sam Bankman-Fried.
Read more »
Saudi Aramco’s CEO: Realignment is happening in oil market with Russian discountsAmin H. Nasser, CEO of Saudi Aramco, said on Wednesday, “realignment is happening in the oil market with Russian discounts.” Additional quotes “There
Read more »
Hashed CEO Skips Parliamentary Inquiry on Terra CrashThe CEO of the VC firm was called as a witness for the inquiry on the Terra crash.
Read more »
Getty Images CEO says firms racing to sell AI art could be stepping into illegal territoryThere are too many unanswered questions about AI art generators, said the CEO
Read more »
GM CEO Mary Barra: More Bolts, Batteries, and Robotaxis All Coming at YaGM CEO Mary Barra uses third-quarter earnings call to provide key product updates, including expanded robotaxis and more EVs.
Read more »