Binance Reportedly Set to Issue Its Own Stablecoins Within ‘A Month or Two’

On Thursday (June 5), Wei Zhou, the Chief Financial Officer (CFO) of Binance, is reported to have said that his company is preparing to issue its own fully fiat-collateralized stablecoins “in a matter of weeks to a month or two."

Twitter User Discovers Evidence of a Binance-Issued Stablecoin

The first hint of a Binance stablecoin appeared on June 3 when Twitter user "CryptosBatman" came across a new token called BGBP ("Binance GBP Stable Coin") while using Binance Chain Explorer, which led him to send out the following tweet to announce this discovery:

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