According to CEO, FTX could introduce its own stable coin in the not too distant future

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Sam Bankman-Fried reveals that an FTX stablecoin may be in the works
  • ftx "tries to find the perfect partner" for a StableCoin project, says Bankman-Fried
  • The stock exchange recently completed a deal for buying the crypto loan business blockfi for up to $ 240 million

ftx-CEO Sam Bankman-Fried that the crypto an interview with the European publication The Big Whale is considering developing its own stable coin.

Most large stock exchanges already have an asset-backed stablecoin. Binance has, for example, Binance USD (BUSD) - published by Paxos - and Coinbase in collaboration with Circle has introduced the USD (USDC) stable coin.

In this context, Bankman-Fried answered the question of whether FTX could publish its own stablecoin:

"We could definitely know how to do it. We stopped because we believe that a collaboration could really be powerful."

ftx "tries to find the perfect partners" with whom you can work, and his users could "hear something from us on this topic in the not too distant future," said Bankman-Fried.

The FTX focus is on "offering the best possible trading platform that is accessible to everyone", and so far she has employed "dealing with the Commodity Futures Trading Commission (CFTC) for some of our products".

At the beginning of this month, the crypto-executive campaigned for a regulatory supervision of the crypto room at an event of the Bipartisan Policy Center in Washington, DC.

"At the moment the official supervision of [stablecoins] is extremely unclear, it is extremely chaotic and there are many cooks that flanged around the kitchen, but there is no chef," said Bankman-Fried.

Recently, he also offered his own view of how the crypto industry should be regulated, Conversion Asset Industry Standards ”. Many criticized their ideas quickly when it came to centralized units associated with Defi.

As an answer, Bankman-Fried spoke the "constructive feedback" to

. .

The contribution FTX can introduce its own stablecoin "in the not too distant future", according to CEO Says, is not a financial advice.