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Benzinga
Benzinga
Business
Murtuza Merchant

FTX Stablecoin Is In The Works, Sam Bankman-Fried Says: Here's What We Know So Far

Cryptocurrency exchange FTX is working on creating a stablecoin, or a crypto token whose value is correlated with another asset, according to the company’s CEO Sam Bankman-Fried.

In an interview with The Big Whale, Bankman-Fried says his recent acquisitions are aimed at stabilizing the ailing digital assets market and improving its position in the U.S..

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