Cryptocurrency exchange FTX is developing a stablecoin, according to CEO Sam Bankman-Fried in an interview with The Big Whale on Thursday. A stablecoin is a cryptocurrency token whose value is linked to another asset. Customers can currently use a basket of US dollar stablecoins as collateral for margin trading at FTX. TrueUSD (TUSD), USD Coin (USDC), Pax Dollar (USDP), Binance USD (BUSD), and HUSD are all included in the basket. Rival exchange Binance started issuing Binance USD in 2019.
