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A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’ By Cointelegraph


A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’

Sam Bankman-Fried, CEO of FTX (SBF), said that the rise in Binance stablecoin was a sign of FTX’s success BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months.

Bankman-Fried’s recent comments come a month after Binance pushed ahead with plans to auto-convert a host of stablecoins supported on its exchange into BUSD on Sept. 6, — which has seen BUSD’s share of the total stablecoin market rise since.