BUSD to Start Stablecoin War - FTX CEO
0Stablecoins, frequently referred to as the industry's backbone, would soon witness a "second great stablecoin war," this time between market leader USD Tether (USDT) and rapidly increasing Binance USD (BUSD).
Sam Bankman-Fried, CEO of FTX: The industry's backbone, stablecoins, may soon be the subject of a second major stablecoin conflict. The growth of Binance's stablecoin, BUSD, signals a new struggle for market share among competitors in the industry, according to the CEO of the top centralised cryptocurrency exchange FTX, which might lead to a new conflict. The market cap of BUSD has increased as a result of Binance's last month's decision to automatically convert TUSD, USDC, and USDP to BUSD.
Source: https://zycrypto.com/binance-usd-busd-to-spark-the-second-great-stablecoin-war-with-usdt-ftx-ceo/
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