FTX Crypto Exchange Plans to Launch Stablecoin - FTX CEO, Sam Bankman-Fried

According to the CEO of FTX, the exchange may follow the successful example of Binance and release its own stablecoin.

We wrote about FTX looking to raise more funds and discussed recent and possible future acquisitions.

If FTX goes that route, the company will emulate other digital asset exchanges, including Binance. BUSD is currently the third-largest Stablecoin and the seventh-largest cryptocurrency, with a market value of more than $21 billion. 

Speaking about FTX's deals with Voyager and BlockFi, the CEO said they were able to stabilize the market during a period of heightened volatility following the collapse of the Terra ecosystem. However, he also believes that these companies "will allow us to strengthen our position in the U.S. and continue to gain market share."

And SBF also confirmed recent reports that the exchange is looking to raise additional funds that it could use for new acquisitions. 

Although recent rumors of Robinhood's purchase have been denied by Sam himself...