FTX will distribute over $5 Billion in stablecoins to creditors on Friday this week 💸
The cryptocurrency market is closely watching as FTX prepares to distribute over $5 billion in stablecoins to its creditors on May 30. This substantial repayment is anticipated to introduce fresh liquidity into the market.
Market analysts, including Miles Deutscher, indicate that this influx could initiate a broad altcoin rally. Such a large-scale release of stablecoins is likely to influence market dynamics, though broader sentiment remains uncertain.
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FTX Announces $312 Million Fund Distribution to Creditors with Kraken’s Notice
FTX Creditors Set to Receive Allocations Through Kraken: $5 Billion Payment Round Underway
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