FTX’s CEO publicly confirmed his intentions to launch a cryptocurrency stablecoin.
Cryptocurrency exchange FTX has been making constant investments into the cryptocurrency business since it started its own “rescue campaign” this year.
FTX bailed out a number of struggling crypto brokers during the market turmoil, which made its leading figure – Sam Bankman-Fried – crypto’s white knight.
In the future, FTX might also offer its own stablecoin.
A Stablecoin to Rule Them All?
Bankman-Fried has confirmed to The Big Whale that FTX is working on creating its own stablecoin in “not-too-distant future.” In the interview, the founder said that the native stablecoin could offer many use cases.
FTX also seeks to collaborate closely with major entities for the issuance of the stablecoin, rather than building it from scratch.
To wit,
“We’ve held off on doing it because, I think to some extent, we think that cooperating on that can be…
