Binance, the leading cryptocurrency exchange that makes it hard to keeps up with all of its products, has made an announcement about listing XRP-BF2 on its decentralized exchange.
On Oct. 4, Binance CEO Chanpeng Zhao spilled the beans about the new coin on the block, which will be pegged to Ripple's XRP. However, as reported by U.Today, some of the members of the "XRP Amry" weren't particularly happy about this initiative, claiming that it would create more inflation for Ripple's native token.
XRP-BF2 is backed 1:1 by Ripple's XRP and issued on Binance Chain, the custom Blockchain of the Malta-based cryptocurrency juggernaut. Numerous projects have already moved from Ethereum to Binance Chain, but the CZ-helmed company took it a tad further by issuing its own versions of top cryptocurrencies.
Prior to XRP, Binance also rolled out its Bitcoin-pegged token (BTCB) back in June 2019.