Binance Reveals ‘Venus’ Stablecoin Development Program, Asks for Collaborators To Join Up

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Binance, one of the top cryptocurrency exchanges in the world by day trading volume, just revealed its ‘Venus’ project that wants to develop stablecoins across the planet, we learned via an announcement.

Essentially, the Venus space is considered an “initiative” that will create stablecoins, digital assets, and other inventions tied to fiat assets. They’re looking for governments, companies, alliances, and other spaces involved in cryptocurrency to join up with them, to “empower developed and developing countries to spur new currencies.”

The post continues:

“With its existing global blockchain ecosystem, Binance has already reserved its public chain technology and cross-border payment system for secure operations of new stablecoins. Since its launch last April, Binance Chain has been running securely and robustly and has issued a range of stablecoins, including a BTC-pegged stablecoin (BTCB) and the Binance BGBP Stable Coin (BGBP) pegged to the British Pound.”

Binance will bring with “full-process technical support,” a risk control system, and other benefits to those who work on its platform. Essentially, the exchange will be leveraging its previous technologies to build Venus as powerful as it needs to be.

Anyone who has a “strong interest and influence on a global scale” is more than welcome to join up with Binance and its Venus endeavor. In fact, they ask that any “like-minded people and organizations” contact them as soon as possible to talk about a partnership.

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About Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.