Ohh, I thought that you are joking about Binance's stable coin but I just looked at the news and it's recent.
https://www.coindesk.com/binance-confirms-stablecoin-offerings-coming-soon-report
https://www.ccn.com/binance-stablecoin-first-hurt-tethers-dominance
Their coin will be backed by British pound, so it won't rely to dollars I think they're up into something just to change the game of the market.
If it's part of a strategy to change the cryptocurrency market game, it seems reasonable. But I just heard that I would get support from the British pound. A little confused me and still in the big question mark about the real purpose. What for? https://www.coindesk.com/binance-confirms-stablecoin-offerings-coming-soon-report
https://www.ccn.com/binance-stablecoin-first-hurt-tethers-dominance
Their coin will be backed by British pound, so it won't rely to dollars I think they're up into something just to change the game of the market.
