Binance invests in Korean fintech company BxB, which has launched stablecoin KRWb

Binance officials today announced a partnership and investment in BxB. BxB is the financial technology company behind South Korea ’s first South Korean won-backed stablecoin KRWb. Binance CEO Zhao Changpeng said: "We are currently working with BxB to formulate a future plan for the Korean market and hope to share more progress of our cooperation as soon as possible."