FTX exchange floats $1M prize for banks to accept stablecoins

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FTX exchange floats $1M prize for banks to accept stablecoins
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Is $1M enough for a bank anywhere in the world to adopt stablecoins?

Cryptocurrency derivatives exchange FTX is calling on banks to reach out and discuss the possibility of accepting stablecoins in exchange for a $1 million reward.

it was exploring forming relationships with banks in different regions to allow users to have “near-instant and near-free deposits and withdrawals” through stablecoins. The exchange floated the idea of offering a $1 million prize for the first bank in each region to accept the tokens but hinted it would be open to giving more.

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