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FTX compensation preparations are starting! It will begin paying $16 billion to its creditors from January 3, 2025.
The expected payment will be completed within 60 days and will be in stablecoin instead of the original cryptocurrency.
A large part of these payments may flow back into the market, which could be a catalyst for growth.
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Note: Settling in stablecoins instead of the original cryptocurrency not only avoids significant selling pressure like the one seen in the previous Mt. Gox incident, but also increases market liquidity.
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Everyone can judge for themselves what the impact is.
#BTC #ETH #GateioInto11 #ContentStar