BNB Chain plans to launch a new stablecoin likely named ‘U’ for institutions

BNB Chain is preparing to unveil a stablecoin targeted towards institutional applications. The design focuses on ensuring both transparency and uniformity.

There is speculation about the stablecoin being named ‘U’, especially after CEO CZ followed the account @UTechStables, suggesting further branding developments. More details are anticipated from BNB on December 18th.