Sam Bankman-Fried of FTX Announces Plans to Launch Stablecoin
FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin. In an interview with The Big Whale, Bankman-Fried said "it is very likely" FTX will launch a stablecoin, joinin...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In an interview with The Big Whale, Bankman-Fried said "it is very likely" FTX will launch a stablecoin, joining most other major exchanges in having launched a crypto token whose value is tied to fiat currencies. He added that they know how to create a stablecoin and are looking for the best partner to work with....
Read More: Sam Bankman-Fried of FTX Announces Plans to Launch Stablecoin
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Coinbase Wins Federal Trust Charter, Launching National Trust Company
Key Takeaways: The OCC granted Coinbase final approval to form Coinbase National Trust Company. The federal charter confers on a u...
37 European Banks Back Qivalis Euro Stablecoin in €450M Market Expansion
Key Takeaways: Qivalis has obtained the authorization from the Dutch regulatory authorities to issue electronic money in Europe. T...
PNC and Coinbase Launch USDC Payments Pilot: What Changes for Businesses?
PNC’s USDC payments pilot offers a practical version of crypto adoption: a business can receive a stablecoin payment and end up wi...
Walt Launches Standalone Crypto App After Years Inside Telegram
The wallet platform that grew up inside Telegram is trying to become a destination in its own right. Walt, previously branded Wall...
Visa Adds Monad to Stablecoin Settlement Options as Institutions Seek More Rails
Visa’s growing list of blockchain settlement options reportedly has a new entrant: Monad. According to a November 10 report citing...
Goldman, Citi and Other Banks Reportedly Fund $270 Million Stablecoin Initiative
The stablecoin venture that 21 financial firms unveiled in September has about $270 million in commitments from its backers, with...