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Author Topic: FTX exchange ready to offer $1M prize for banks to accept stablecoin  (Read 25 times)

florencewolfe

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Stablecoins like USDT are under scrutiny in the United States, for certain lawmakers calling for greater regulatory oversight of the industry.

Cryptocurrency derivatives exchange FTX is calling on banks to reach out and discuss the possibility of accepting stablecoins in exchange for a $1 million reward.

In a Tuesday Twitter post, FTX said it was exploring shaping relationships with banks in different regions to allow user to have "close moment and neat free deposits and withdrawals" through stablecoin. The exchange floated the idea of offering a $1 million prize for the first bank in each region to accept tokens but hinted it would be available to giving more.

Read more on http://cryptounity.news/ftx-exchange-ready-to-offer-1m-prize-for-banks-to-accept-stablecoin

 

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