đBinance CEO Changpeng Zhao (CZ) reveals plans for stablecoins after Paxos partnership termination!đ FDUSD, a stablecoin issued by Hong Kong's First Digital Trust, is the first step.đ€ More deals with stablecoin projects from different regions are in the pipeline.đ
CZ admits he hasn't seen any audits of USDT, the largest stablecoin, and acknowledges risks.đ Binance had partnered with Paxos for a "regulated stablecoin" with audits, but regulators shut it down.đ
Binance is now eyeing digital assets tied to the euro and working on algorithmic stablecoins, despite their risks.đȘđșđ¶ CZ believes blockchain and AI could transform the future financial network.đźđĄ
What are your thoughts on Binance's stablecoin plans? Share in the comments!đđŹ

