In today's fiercely competitive digital currency market, the latest news from Bloomberg is exciting: Currency Security Exchange is about to issue its own stable currency, and this move will be officially implemented in the next few weeks. This news will undoubtedly set off a new wave of currency revolution and bring new changes and opportunities to the financial market.

As a well-known exchange focusing on digital currency trading, Currency Security Exchange has been committed to creating a safer and more efficient digital currency trading environment. The launch of its own stable currency is to meet the market's demand for stability and security. This will provide investors with more choices and will also have a profound impact on the entire digital currency market.

The launch of stable currency will not only inject new vitality into the digital currency market, but also lead the development direction of the digital currency industry. As the digital currency market continues to grow, investors' demand for stable currency is growing. Currency Security Exchange's move is timely and will become a dark horse in the market, leading the new trend of the digital currency industry.

The issuance of Currency Security Exchange's own stable currency will bring more possibilities and opportunities to the digital currency market. This will also promote the further development and growth of the digital currency market and provide investors with safer and more stable investment options. In the future, with the continuous development of the digital currency market, the Currency Security Exchange's own stable currency will surely become a dark horse in the market, leading the new trend of the digital currency industry.

In this era of surging digital currencies, the launch of Currency Security Exchange's own stable currency will bring new opportunities and challenges to the entire digital currency market. This will also become a new starting point for the development of the digital currency market, creating more value and opportunities for investors. Looking forward to the advent of Currency Security Exchange's own stable currency, opening a new era for the digital currency industry!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to Bloomberg, Binance’s () chief financial officer Wei
Zhou said in an interview that the exchange will issue stablecoins in the next few weeks to a month or two. Previously, Binance CEO Zhao Changpeng had confirmed on Twitter that a stablecoin pegged to the British pound was being tested.

Zhou said Binance’s first stablecoin is called Binance
GBP, which will be denominated in pounds and 100% backed by pounds. He said that once the stablecoin under testing is officially launched, Binance will disclose the bank it is using. Zhou also said that it will profit from the interest on deposits in fiat currencies like Tether.

In addition, Zhou also said that Binance will also introduce stablecoins pegged to other currencies, but there are no plans to launch a stablecoin backed by the US dollar. Binance’s goal is to provide stablecoins for more currencies in the world, such as the euro and the yen.

Binance will also work with other companies to issue its own stablecoin on Binance Chain. Previously, the startup Stably announced the issuance of a US dollar-backed stablecoin on Binance
Chain. In this regard, Zhou told Bloomberg reporters, 

"From the user's perspective, only certain parts of the world use the US dollar. Other users use other currencies, and we think this should also be reflected in stablecoins." 

Traders often use low-volatility stablecoins to store capital when the cryptocurrency market price fluctuates violently. At present, Tether (USDT) is the undisputed market king, currently accounting for 98.7% of stablecoin trading volume. However, Kyle Samani, founder of crypto hedge fund Multicoin Capital, told Bloomberg that "the stablecoin issued by Binance will definitely pose a threat to USDT. Binance can also work with audit firms to provide strong guarantees that the stablecoin can be fully supported and can be easily exchanged." 

Previously, according to information released in the lawsuit involving Tether, only 74% of USDT is backed by cash and cash equivalents. Zhou said that Binance's stablecoin will be 100% backed by cash and equivalents and will provide greater transparency. This may attract more traders. 

“This will have a positive impact on Binance Coin (BNB), which will bring more trading volume and ultimately more revenue to Binance. In theory, this will also take market share away from USDT. However, Tether has proven to be quite resilient in the face of competition,” Arca’s chief investment officer Jeff Dorman said in an email.