Launch stated to be in the not-so-distant future by Sam Bankman Fried
It would seem the rumor mill in crypto is still churning as rumors fly around of a possible stablecoin introduced by crypto exchange giant FTX being in the works. Sam Bankman-Fried made a statement that FTX could soon launch its own native stablecoin but would have to do so with a partner.
The FTX CEO spoke in an interview and touched on creating a new stablecoin. “I think you’ll probably be hearing something from us on that in the not-too-distant future ” he stated when he was questioned about creating a stablecoin by the interviewer.
FTX has the ability and knowledge needed to create a stablecoin but SBF was very clear that he would rather the project be joint cooperation.
“We’ve held off on doing this because , I think to some extent, we think that cooperationg on that can be really powerful and a lot of that ends with us trying to find the partners we’d be really excited to work with there”
Sam Bankman-Fried
1) Binance converts USDC –> BUSD, and we see the change in supplies.
— SBF (@SBF_FTX) October 23, 2022
Thus begins the Second Great Stablecoin War. (The first one, fought in ~2018, ended with USDC and USDT edging out TUSD/GUSD/USDP.) https://t.co/X2VLOBOTev
Sam has made references to a “Second Great Stablecoin War” in a recent tweet stating the shift in tokens as Binance created their own stablecoin, many see this as the CEO alluding to FTX joining in the race as well.
In addition to speaking on stablecoins Sam Bankman-Fried also spoke on acquisitions within the space stating that “FTX is in a great position to do small and medium-sized acquisitions.” When asked about purchasing a company like Robinhood he stated that it’s not what his company is looking at right now and would prefer the company grew organically instead at the moment.
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