Binance Launching ‘Venus’ as a Direct Competitor to Facebook’s Libra
The Venus project announced by Binance earlier on Monday plans to create stablecoins and other virtual assets backed by fiat currencies around the world.
Top cryptocurrency exchange Binance announced they’re planning to initiate an open blockchain project dubbed Venus.
The project is presented as an initiative made in order to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.
From Binance they said they are looking to create new alliances and partnerships with governments, corporations, technology companies, and crypto companies and projects involved in the larger blockchain ecosystem. The goal is to authorize developed and developing countries for stimulating new currencies.
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It would be nice to see some stable cryptos in the market
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