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The renowned cryptocurrency exchange, Binance, is coming up with the plans to launch “Venus,” by considering it as an independent regional version of “Libra” which is designed and developed by Facebook. Binance further divulged that they initiate a project is likely to develop crypto-assets pegged to fiat currencies across the globe, as per the recent announcement.
Binance announced this venturing of Venus digital currency contemplating their presence in different nations across the world, and has embracing their domestic blockchain ‘Binance Chain set up’, and hopes to demolish the financial dominance and reshape the world’s monetary framework. Moreover, Venus is an open blockchain venture to create localized stablecoins and advanced resources pegged to fiat currencies.
For Binance, starting Year 3 right begins with continuing to push for more services and campaigns that benefit our users. Furthermore, as per the announcements, their plans of Venus would be an open blockchain project for localized stablecoins around the world, using Binance Chain.