FTX Chief SBF Reveals Exchange Is Working On Its Stablecoin

Crypto exchange FTX is developing its own stablecoin, SBF confirms.

FTX CEO Sam Bankman-Fried in an interview with The Big Whale revealed that the crypto exchange is developing its own stablecoin.

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When asked if FTX is planning to issue a stablecoin, SBF replied, “Yes, it is very likely. We know how to create a stablecoin. We're just thinking about the best partner to do it with.”

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When asked to elaborate on the stablecoin, SBF laughed and said “you’ll be hearing from us again soon.”

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FTX chief also did not deny the possibility of the exchange becoming a bank in the future.

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Sam Bankman said he is more optimistic about crypto regulations and the Biden administration than he was a year ago.

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The young billionaire also predicted that regulations will accelerate in the coming year.

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FTX chief also clarified that they are not currently interested in buying Robinhood and rather plan on growing organically.

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