Binance launches GBP Binance backed by pound sterling

Changpeng Zhao, CEO of Binance, announced that the new currency is in the test phase and has so far issued the amount of coins equivalent to 200 pounds sterling

Binance, the largest cryptocurrency exchange in the world, is practically ready to introduce a native stablecoin into the ecosystem. A user on Twitter announced the launch informing that the company has already issued the new stable currency backed by the Great Britain pound sterling (GBP).

Binance CEO, Changpeng Zhao, corroborated the user’s announcement and explained that the project is currently in the testing phase. He also said that until now only 200 pounds sterling has been coined from the stablecoin but hinted that more will come.

The official explorer of Binance DEX ensures that the official name of the new native currency is BGBP-CF3 with 200 GBP in the offer. The currency was introduced 2 days and 5 hours ago; based on the date and time of registration.

It is worth emphasizing that Binance has been an enthusiastic supporter of stable currencies and has supported various projects such as Tether (USDT), USDC Coin (USDC), TrueUSD (TUSD), Paxos Standard (PAX) and StableUSD (USDS).

There are many rumors about the native currency of Binance. BNB had a fall of 3.24% against the US dollar in the last 24 hours. Throughout the year the currency has skyrocketed by a three-digit percentage.

L.Sáenz

Source:  Diario Bitcoin

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