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- Binance to launch a blockchain for fiat-backed stablecoins, but who even cares?
Posted by : Brij Bhushan
Monday 19 August 2019
Cryptocurrency exchange Binance has been announced launch of a new blockchain and it’s called project “Venus.” I’m not sure why it chose that name because Venus has no moons. Sad. In an announcement published this morning, Binance described Venus as an “initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.” Binance wants to create partnerships with governments, corporations, tech companies, to help countries offer new types of currency based on its new blockchain. You’d be forgiven if parts of that sounded familiar. Facebook is currently working on its own digital currency called Libra, it…
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