By One of the world’s largest cryptocurrency exchanges, Binance is reportedly testing a British pound stablecoin upon its native blockchain, Binance Chain as per a Twitter post, tweeted on June 3rd.
A Twitter user by the name of CryptosBatman came across listing for “$BGBP” on the Binance platform.
Changpeng Zhao, CEO of Binance commented on the Tweet which revealed the listing, confirming that the exchange is testing a pound stablecoin, but only £200 has been minted thus far.
The Binance founder was at the epicentre of negative sentiment back in May after posting about potentially rolling back transactions (re-org) on the platform after $40 million were lost in a hack. Zhao apologized thereafter stating:
“Given how much I talk, I sometimes say the wrong stuff, dirty words like ‘reorg’, for which I apologize. It is my strong view that our constant and transparent communication is what sets us apart from the “old way of doing things”, even and especially in tough times.”
Later in May, Zhao allegedly claimed damages from Sequoia Capital China, a venture capital firm, after they reportedly damaged his business and reputation due to an injunction against him back in 2017.
Lastly, Binance’s decentralized exchange (DEX) platform will reportedly block any users in the United States of America, as well as 28 other countries, come July. A pop-up appears when one visits the site and notes that anyone who attempts to access the DEX via its website, will be unable to do so with an IP address from one of the banned countries.
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