{"id":69191,"date":"2022-10-27T15:58:01","date_gmt":"2022-10-27T12:58:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69191"},"modified":"2025-09-07T18:31:47","modified_gmt":"2025-09-07T15:31:47","slug":"sam-bankman-fried-signals-possible-launch-of-ftx-stablecoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sam-bankman-fried-signals-possible-launch-of-ftx-stablecoin\/","title":{"rendered":"Sam Bankman-Fried signals possible launch of FTX stablecoin"},"content":{"rendered":"<p><a href=\"https:\/\/u1f987.com\/en\/news\/who-is-sam-bankman-fried\">Sam Bankman-Fried<\/a>, FTX chief, told The Big Whale in an interview that the crypto exchange is working on its own \u201cstablecoin\u201d.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">SBF, the founder of FTX and alameda, said \\&#8221;we&#8217;re working on our stablecoin\\&#8221;. According to <a href=\\\"https:\/\/twitter.com\/TheBigWhale_?ref_src=twsrc%5Etfw\\\">@TheBigWhale_<\/a> He said Binance converts USDC \u2014> BUSD and begins the Second Great Stablecoin War before. <a href=\\\"https:\/\/t.co\/G9ht2P95in\\\">https:\/\/t.co\/G9ht2P95in<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\\\"https:\/\/twitter.com\/WuBlockchain\/status\/1585570922664464384?ref_src=twsrc%5Etfw\\\">October 27, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to journalist Colin Wu, the conversion of Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-auto-convert-usdc-usdp-and-tusd-balances-into-busd\">balances<\/a> into USDC, USDP and TUSD into BUSD, which the exchange began at the end of September, Bankman-Fried called the \u201cSecond Great Stablecoin War.\u201d<\/p>\n<p>In the stablecoins segment, led by USDT from Tether with a market capitalization of $68.5 billion, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\\\">CoinGecko<\/a>. Behind it in the ranking were<a href=\"https:\/\/u1f987.com\/en\/news\/makerdao-to-deploy-a-third-of-1-6-billion-usdc-in-coinbase-prime\">USDC<\/a> ($43.9 billion) and BUSD ($21.5 billion). The Centre&#8217;s stablecoin metric over the past 30 days fell by almost 11%, while Binance&#8217;s coin rose slightly \u2014 1.8%.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/ndwFfRnbNy7ZSD4J2u1wyeb1mbgRVAMVUkvXvSfh3LARLyhCkwhFY3ZGB-KS2qO8z-YkgbTJ_ujn4Bn3gNvvJ_S3BFPlBKYUO8qAJYlU0okfpnPFKSPRfjqFlY2r7H8CqHoOV4ixoMyIo2czpDBWy3cKiZfnqfiGIsNrGnfmzec_vXMQFlvk5QP6Hg\\\" alt=\\\"Sam Bankman-Fried considered launching an FTX stablecoin\\\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>Bankman-Fried <a href=\\\"https:\/\/www.theblock.co\/post\/180344\/ftx-could-launch-its-own-stablecoin-via-a-partnership-says-bankman-fried\\\">clarified<\/a> that the company prioritises launching a stablecoin through a partnership with a third party. He did not disclose details.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cMuch depends on finding partners with whom it would be very interesting to work. I think everything is possible, and we will hear something on this topic in the not-too-distant future,\u201d he said.<\/p>\n<\/blockquote>\n<p>Earlier, Bankman-Fried <a href=\"https:\/\/u1f987.com\/en\/news\/sam-bankman-fried-unveils-a-new-version-of-ftx\">announced<\/a> the November 21 launch of a new version of the FTX platform.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX chief Sam Bankman-Fried told The Big Whale in an interview that the crypto exchange is working on its own stablecoin.<\/p>\n","protected":false},"author":1,"featured_media":69192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,1403,807],"class_list":["post-69191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-sam-bankman-fried","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69191"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69191\/revisions"}],"predecessor-version":[{"id":69193,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69191\/revisions\/69193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69192"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}