📌 Binance will likely launch at least one new stablecoin in the future. CEO Changpeng Zhao (#CZ ) revealed this information during a question and answer session on Twitter on the evening of July 31.
➡️ Specifically, during the Q&A session, #Binance CEO, Mr. Changpeng Zhao (CZ), shared his views on the crypto market in general, especially Binance's #stablecoin development plans.
➡️ Besides First Digital USD ($FDUSD ), CZ said Binance will work with more partners to diversify stablecoins. The goal is to minimize the potential risk of depending on a single stablecoin. CZ confirmed that Binance currently has no shortage of partners to do this.
➡️ In addition, the Binance CEO also revealed that the exchange is developing a new stablecoin, but he does not want to reveal more details about it at the moment. CZ said that Binance also has teams that are researching and developing algorithmic stablecoins. The scale of the project is not large, but it will be deployed across many geographies.
➡️ When talking about FDUSD, CZ said that in addition to deploying FDUSD in #HongKong , CZ is also planning to bring this stablecoin to the European market.
➡️ Overall, CZ's responses emphasize testing a variety of stablecoins, working with a variety of partners to find the most effective stablecoin.
