During a Twitter Spaces Ask Me Anything (AMA) session held on March 9, Binance CEO Changpeng Zhao discussed various topics, including the impact of artificial intelligence on cryptocurrency markets, and addressed the ongoing concerns around the exchange from mass-media FUD to new directions in stablecoins.
The Binance CEO discussed the use of AI in their products, such as integrating Chat GPT into Binance Academy and using AI for customer support and compliance tools. He also mentioned that Binance works with multiple stablecoin partners, including a Euro stablecoin provider, but does not sign exclusivity deals.
Zhao believes that non-fiat-backed stablecoins will eventually take over, but people need to understand the risks involved. Regarding BNB development, Zhao stated that it is better for the community to develop projects independently, and the BNB Ecosystem Fund provides small grants for such projects.
To jump to the highlights of the AMA, view the interview section below.
Other updates coming from Binance
- Updates to Picasso, Binance’s AI-generated NFT marketplace
- Updates to Binance’s zero-knowledge proof-of-reserves
- Binance Pay continued growth in Africa and Latin America
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