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 Repayments will start today approximately at 15:00 UTC
FTX Recovery Trust Begins $5B Second Payout to Creditors
FTX Begins Massive Payout to Creditors Surpassing $5 Billion
The Big Day Has Arrived: FTX’s $5 Billion Payments Are Beginning – Here Are the Official Statements
FTX Begins Second $5 Billion Distribution to Eligible Claim Holders
FTX Distributes Billions to Creditors
FTX Begins Distribution of Over $5 Billion to Creditors: What You Need to Know
FTX Announces $312 Million Fund Distribution to Creditors with Kraken’s Notice
FTX Repayments will start today approximately at 15:00 UTC
