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

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FTX, a cryptocurrency derivatives platform, is asking banks to get in touch and talk about accepting stablecoins for a reward of $1 million.

A Tuesday tweet (NYSE:) posting by FTX 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. While the exchange offered a $1million prize to the first region bank that accepts the tokens, the company hinted at the possibility of giving out more.