Post
Topic
Board Altcoin Discussion
Re: Binance stable coin
by
hohuan101
on 08/06/2019, 11:07:22 UTC
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.

Yes, I have read this article, nowadays more and more stable coins and according to the article above Zhou has no plans to make stable coins supported by the US dollar.
At present, Binance looks fast to develop their projects, there are many new tokens exchanging in the Binance chain and I think this situation will increase BNB prices in the future
I still do not understand why they do not use the dollar to protect, right? Will using GBP be more profitable than USD? And what is the real benefit?