Nano Labs, the Nasdaq-listed microchip giant, is embracing cryptocurrencies with a bullish strategic shift. This move was revealed in its plan to acquire a whopping $1 billion of
Binance Coin (BNB). The money would serve as part of their strategic reserve plan, which the company first announced when it bought $50 million worth of BNB. They further bolstered this trend by purchasing an additional 480K shares in BNB Strategy Firm. The company is planning to apply for a license to start HKD and Offshore RMB Stablecoin businesses. Interestingly, the Kyrgyzstan government has given a green light to Nano Labs' project for a
Chinese Yuan stablecoin.
Besides this, Coinbase also plans to launch US Nano Bitcoin perpetual-style futures as well as nano XRP futures contracts. They will also add
Nano Ether Futures Contract among their offerings.
Nano Labs are set to launch a CNH-pegged stablecoin in Kyrgyzstan and have already bought 74,315 BNB tokens equivalent to $50 million. The company is betting big on BNB and plans to build a $1 billion BNB treasury in a web3 push. This demonstrates how Nano labs are not only accepting cryptocurrencies as assets but also welcoming them as a form of payment.
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