Binance’s New Stablecoin is a Serious Threat to Tether’s Dominance

By CCN: According to Wei Zhou, the chief financial officer at Binance, the most widely utilized crypto asset trading platform in the global market, the exchange is planning to issue a stablecoin in the upcoming months, possibly to compete against Tether. Speaking to Bloomberg in an interview, Zhou reportedly said that the exchange plans to launch its stablecoin “in a matter of weeks to a month or two.” Can binance compete against tether? Although there were some periods wherein the dominance of Tether demonstrated signs of slight decline in December 2018 and in April 2019, ultimately, due to strong demand The post Binance’s New Stablecoin is a Serious Threat to Tether’s Dominance appeared first on CCN