Binance released two stablecoins based on Binance Chain

By June 5, 2019 12:05


The well-known crypto exchange Binance, launched two new stablecoins at once, based on its blockchain Binance Chain. One of them was launched as a partner with the Stably startup, the launch of the second one has not yet been officially announced. However, the creation of an asset is already actively discussed by users of the exchange.

Features stablecoin USDS.B

In particular, it is worth noting that CEO Binance Changpeng Zhao noted that stablecoin was released jointly with Stably, under the ticker USDS.B is not controlled by Binance. It is pegged to the US dollar, and its issue amounts to 90 billion coins that have been moved to the vault and frozen.

This asset is representative of the BEP2 standard. Users will be able to convert coins between versions that are based on Ethereum and Binance Chain. In this case, ERC-20 (Ethereum) standard tokens are to be burned, and BEP2 tokens will be thawed.

Note that while stablebylin USDS.B is not available on the decentralized platform Binance DEX.

Stablecoin Binance GBP Stable Coin (BGBP)

As for the second asset, called Binance GBP Stable Coin (BGBP), Twitter user under the name CryptosBatman noticed its appearance. Most likely this asset is secured by the British pound …

Changpeng Zhao responding to CryptosBatman’s tweet only noted that while stablecoin is at the testing stage, without revealing any details.

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By June 5, 2019 12:05