Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months.
Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two," with the goal to make stablecoins available for more of the world’s currencies.
The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.
https://cointelegraph.com/news/binance-to-reportedly-introduce-its-own-stablecoins-within-two-monthsEvery platform now want to create their own stable coin ever since they heard of the news from tether, I still believe that even if they were able to create theirs, there would still be some shady activities going on with the coin that we might not know, for example binance can stabilized the coin from their own end without having any reserve or whatsoever stabling the price of the coin, so let's be wise investing.