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Will Bincoin Exchange Binance's Moves Deport Tether?

Kriptokoin.com – Binance'in platform with the latest news stating that they will launch their own crypto money with the question now comes to mind: I wonder if this situation will harm other stablecoins?

The fact that Tether is under fire because it is not supported by reserves has shown the importance of stablecoins. Because people need to move to another tone that is stable and doesn't lose much value. Looking at 2019, you'll see that there are crypto coins that are in more use than ever, with ever-increasing numbers.

Binance has announced that it will launch its own stablecoins in the future based on the British Pound (GBP), called Binance GBP (BGBP). Although the introduction of the GBP stablecoin is one of the first, it is clear that USD stablecoins are more widely used. Binance is likely to launch a stablecoini with a USD and EURO focus in the future.

If Binance tries to add a stablecoin to a few crypto currencies, will this result in stablecoin going up? Tether still dominates the market even after its recent problems and remains the most widely used stablecoin. However, if Binance wants to add his own stablecoins, he has a really good chance of surpassing the USDT, which has suffered in the past two years. Binance is currently literally one of the best crypto currency exchanges. The stock market is also likely to cope with other stablecoins and take part in the market itself.

"$ BGBP which we are currently testing and will launch in the future. pic.twitter.com/sraukgzidt

– Binance (@binance) June 4, 2019

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