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Briefing
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- Global Stablecoin Project – Binance announced new Venus project collaboration with governments and companies around world to co-develop stablecoins pegged to different fiat currencies
- Potential Libra Competitor – Coindesk said Venus could potentially compete with Facebook’s Libra project for user penetration, partnerships and development on a global scale
- Possible Partners – Can include governments, corporations, technology companies, and other crypto firms and projects
- Binance Chain – Digital currencies to be built on Binance Chain, public chain technology and cross-border payment system launched in April 2019 for issuance of new stablecoins
- Company Services – Will provide technical support, compliance risk control and multi-dimensional cooperation network to Venus partners, leveraging existing infrastructure and regulatory establishments
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Financial Services, Information Technology
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Function
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IT Infrastructure
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Organization
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Binance
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Source
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Original Publication Date
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August 19, 2019
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